Mortgage Rates March 23, 2018

Mortgage rates for March 21, 2018 should start off the day at similar levels compared to the beginning of the week. The 10y yield started the day at the 2.85% level.  Today we have we had the Durable Goods report, and the New Home Sales reports. Durable Goods came in much stronger than anticipated while the New Home Sales report mortgage interest ratecame in a bit weaker than expected.  As far as data and bond trading goes; we have a short week.  Markets close early on Thursday and are closed all day Friday (Easter).

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 around the 2.85% level and the FNMA 30y 3.5  coupon started off the day at the 99.80 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.