Mortgage Rates January 19, 2018

Mortgage rates for January 19, 2018 should start off the day higher as the 10y yield trades above the 2.60% level.  At the open the 10y yield was at the 2.62% level and pushed higher after today’s economic data came out. This morning we had Consumer Sentiment, which came in lower than expected, the 1 year and 5 year inflation outlook which came mortgage interest ratein higher than expected.  Bonds appear to be trading as if the only direction for bond yields to go is up. While not panic selling like we’ve seen in the past which is good news, one does have to ask why the continued move up in yield? 

Currently we’re seeing 30 year fixed mortgage rates below 4.25%, 20 year fixed mortgage rates below 4.125% and 15 year fixed rates below 3.75%.  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 3.875% on the 30 year fixed rate loan program (conforming, 1 point), 20 year fixed 3.75% (conforming, 1 point) and on the 15 year as low as 3.25% (conforming, 1.25 points).  As mentioned the 10y yield started off the day at the 2.62% level and the FNMA 30y 3.5  coupon started off the day at the 101.45 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.