Mortgage Rates March 2, 2018

Mortgage rates for March 2, 2018 should start the day at slightly better as the 10y yield starts the day just above the 2.80% level.  Today we have ISM-New York University 1 year and 5 year inflation expectations. The bond markets improved yesterday after the President announced tariffs on Steel and Aluminum.  Many fear this may start a trade mortgage interest ratewar and it was unclear if the tariffs were going to apply to our allies.

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 2.80% level and the FNMA 30y 3.5  coupon started off the day at the 99.89 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.