Mortgage Rates For December 11, 2017

Mortgage rates for December 11, 2017 will start the week off at similar levels seen in late November.  The 10y yield opened the morning trading session at the 2.37% level as mortgage bonds start the week flat/too slightly worse levels.  Today we have the 10 year note auction, tomorrow we have the Core Producers Prices index along with the mortgage interest rate30 year bond auction; Wednesday we have the MBA mortgage data, CPI and Core CPI; Thursday we have Retail sales data along with import prices and on Friday we have no major economic readings.

Currently we’re seeing 30 year fixed mortgage rates remain below 4.00%, 15 year fixed rates below 3.25% and 7/1 ARM rates below 3.375% (conforming, zero points) to start the day (the cost to obtain these mortgage rates will be similar to last week).  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 3.625% on the 30 year fixed rate loan program (conforming, 1 point) and on the 15 year as low as 3.00% (conforming, 1 point).  As mentioned the 10y yield started off the day at the 2.37% level and the FNMA 30y 3.5  coupon started off the day at the 102.75 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.