Mortgage Rates February 9, 2018

Mortgage rates for February 9, 2018 should end the week at similar levels despite the significant declines in stocks we’ve seen this week.  Outside of a brief move down following Monday’s selloff; the bond market has not seen any improvements to yields this week.  As of this morning the 10y yield as at the 2.85% level and stocks were positive to mortgage interest ratestart the day. Normally you would see a “flight to safety” as stocks sell off however that is not currently happening.  It might if we see stocks continue to drop however at this point there is no “flight to safety” with traders.

Currently we’re seeing 30 year fixed mortgage rates below 4.50%, 20 year fixed mortgage rates below 4.375% and 15 year fixed rates below 4.00%.  Mortgage rates for some “A” level borrowers (high credit score, low loan to home value ratio, low debt to income ratio and no cash out) are as low as 4.125% on the 30 year fixed rate loan program (conforming, 1 point), 20 year fixed 4.00% (conforming, 1 point) and on the 15 year as low as 3.50% (conforming, 1 point).  As mentioned the 10y yield started off the day at the 2.85% level and the FNMA 30y 3.5  coupon started off the day at the 99.95 level.

Call us today for a no cost – no obligation quote at 1-800-550-5538.  We offer industry low mortgage rates and have a top rating with the Better Business Bureau and the Business Consumers Alliance.