Mortgage Rates January 22, 2018

Mortgage rates for January 22, 2018 should start off the day at similar levels seen on Friday as the 10y yield continues to trade above the 2.60% level.  At the open the 10y yield was at the 2.65% level. This morning and on Tuesday we do not have any significant economic reports coming out; Wednesday we have the MBA mortgage mortgage interest ratepurchase applications, MBA mortgage refinance applications, Home prices, Home sales, Oil and a 5yr auction.  On Thursday we have weekly unemployment claims, new home sales, and a 7yr auction.  On Friday we have the advance GDP report, Durable Goods and non-defense reports.  However the big news story of the week will be the government shutdown; now entering it’s third day.

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 2.64% level and the FNMA 30y 3.5  coupon started off the day at the 101.33 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.