Mortgage Rates March 12, 2018

Mortgage rates for March 12, 2018 should start off the day at similar levels seen last week as the bond market continues to trade in a range established over the last few weeks.  The 10y yield started the day at the 2.89% level.  Today we have Employment Trends report along with the 10y auction, Tuesday we have the Core CPI and CPI mortgage interest ratereports (very important) along with a 30 year bond auction. Wednesday we have the weekly MBA Purchase and MBA Refinance reports, Retail Sales and Oil.  On Thursday it’s the Philly Fed reading along with weekly unemployment numbers.  To end the week we have Housing Starts, Building Permits and 1yr/5yr inflation numbers.

Currently we’re seeing 30 year fixed mortgage rates below 4.625%, 20 year fixed mortgage rates below 4.50% and 15 year fixed rates below 4.125%.  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 4.25% on the 30 year fixed rate loan program (conforming, 1 point), 20 year fixed 4.125% (conforming, 1 point) and on the 15 year as low as 3.50% (conforming, 1 point).  As mentioned the 10y yield started off the day just above the 2.89% level and the FNMA 30y 3.5  coupon started off the day at the 99.60 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.