Mortgage Rates January 26, 2018

Mortgage rates for January 26, 2018 should start off the day at similar levels seen seen yesterday as the bond is set to end the week flat (when compared to Monday).  The 10y yield continues to trade above the 2.60% level (at the bond market open the 10y yield was at the 2.63% level and has since moved up to 2.65%). This morning we have the mortgage interest rateadvance GDP report, Durable Goods and non-defense reports. 

Currently we’re seeing 30 year fixed mortgage rates below 4.375%, 20 year fixed mortgage rates below 4.25% and 15 year fixed rates below 3.875%.  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 4.00% on the 30 year fixed rate loan program (conforming, 1 point), 20 year fixed 3.875% (conforming, 1 point) and on the 15 year as low as 3.50% (conforming, 1.25 points).  As mentioned the 10y yield started off the day at the 2.63% level and the FNMA 30y 3.5  coupon started off the day at the 101.14level.

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.

Have a great weekend!