Mortgage Rates For September 20, 2018

Mortgage rates for September 20th, 2018 are set to move higher as the 10y yield approaches 3.10%.  The costs to obtain a new mortgage is higher compared to earlier in the week. The economic data this morning was not bond friendly as unemployment claims came in at nearly 40 year lows and the Philly Fed Index beat expectations. As of this morning the 10y yield was at 3.094%

mortgage interest rateCurrently we’re seeing 30 year fixed mortgage rates below 4.75%, 20 year fixed mortgage rates below 4.625% and 15 year fixed rates below 4.25%.  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 4.375% on the 30 year fixed rate loan program (conforming, 1.25 origination), 20 year fixed 4.25% (conforming, 1.25 point) and on the 15 year as low as 3.75% (conforming, 1 point).  As mentioned the 10y yield started off the day around the 3.094% level and the FNMA 30y 4.0 coupon started off the day around the 100.67 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.