Mortgage Rates January 8, 2018

Mortgage rates for January 8, 2018 are starting off the week near the same levels seen on Friday. The 10y yield opened the morning trading session around the 2.47% level. Later today we have the Consumer Credit report; Tuesday is absent of any significant economic report; Wednesday we have the weekly MBA Purchase, MBA Refinance, mortgage interest rateExport Prices, Import Prices, and Oil reports along with 10-year Note auction.  On Thursday we have the Core Producers Price report, weekly Jobless Claims, 30-year bond Auction and on Friday we have Retail Sales, and the Core CPI reports.

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 2.47% level and the FNMA 30y 3.5  coupon started off the day at the 102.54 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.