Mortgage Rates January 5, 2018

Mortgage rates for January 5, 2018 are starting off at similar levels seen towards the end of 2017.  Just after the holidays tens to be a slower time for both refinance and purchase loans however that may not be the case this year.  This morning we had the jobs numbers and they came in below expectations (the number of jobs created) while the mortgage interest ratewage number, hours worked and the unemployment number were generally inline with expectations.  The 10y yield opened the morning trading session at the 2.46% level and has fluctuated between 2.42% – 2.48%.

Currently we’re seeing 30 year fixed mortgage rates remain below 4.00%, 20 year fixed mortgage rates below 3.87% and 15 year fixed rates below 3.50%.  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 3.625% on the 30 year fixed rate loan program (conforming, 1 point), 20 year fixed 3.50% (conforming, 1 point) and on the 15 year as low as 3.00% (conforming, 1.25 points).  As mentioned the 10y yield started off the day at the 2.46% level and the FNMA 30y 3.5  coupon started off the day at the 102.56 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.