Mortgage Rates March 19, 2018

Mortgage rates for March 19, 2018 should start off the day at a bit worse when compared to Friday’s level as bond markets are selling off at the open. The 10y yield started the day at the 2.87% level.  Today and Tuesday we have no economic reports that are significant.  Wednesday we have the MBA Purchase Index, the MBA Refinance Index,  mortgage interest rateExisting Home Sales and the all important FOMC rate decision. Thursday we have the weekly unemployment numbers and on Friday we have the Durable Goods report, and the New Home Sales reports.

Currently we’re seeing 30 year fixed mortgage rates below 4.50%, 20 year fixed mortgage rates below 4.375% and 15 year fixed rates below 4.00%.  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, 1.25 point), 20 year fixed 3.875% (conforming, 1 point) and on the 15 year as low as 3.50% (conforming, 1.25 point).  As mentioned the 10y yield started off the day just above the 2.87% level and the FNMA 30y 3.5  coupon started off the day at the 99.70 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.