Mortgage Rates January 17, 2018

Mortgage rates for January 17, 2018 should start off the day at similar levels seen on Tuesday as the 10y yield continues to trade below the 2.60% level.  At the open the 10y yield was at the 2.55% level and remained there mortgage interest ratedespite strong than anticipated MBA refinance and MBA purchase data that came out earlier this morning.  Later today we have Industrial Production and NAHB Housing market reports.  Tomorrow we have the Building Permits report along with the Philly Fed report, Housing Starts, weekly unemployment claims and a 10y Note auction.  Friday we have Consumer Sentiment and Inflation outlook.

Currently we’re seeing 30 year fixed mortgage rates below 4.125%, 20 year fixed mortgage rates below 4.00% and 15 year fixed rates below 3.625%.  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 3.75% on the 30 year fixed rate loan program (conforming, 1 point), 20 year fixed 3.625% (conforming, 1 point) and on the 15 year as low as 3.125% (conforming, 1.25 points).  As mentioned the 10y yield started off the day at the 2.55% level and the FNMA 30y 3.5  coupon started off the day at the 101.81 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.