Mortgage Rates November 15, 2017

Mortgage rates for November 15, 2017 are set to start the day at slightly better levels compared to yesterday.  The 10y yield opened the morning trading session at the 2.34% level which is an improvement when compared to yesterday.  Yesterday we had the monthly and annual Core Producers Price Index (both came in higher than expected).  Today mortgage interest ratewe had the weekly MBA Purchase and the weekly MBA Refinance reading along with the Core CPI and Retail Sales readings.  Despite higher than expected readings for the Core CPI and the Retail Sales reports bonds remained near the low yield of the morning (which is good news).  On Thursday we have the Philly Fed and Export prices readings and on Friday we have Building Permits and Housing Starts.

Currently we’re seeing 30 year fixed mortgage rates remain below 4.00%, 15 year fixed rates below 3.25% and 7/1 ARM rates below 3.375% (conforming, zero points) to start the day (the cost to obtain these mortgage rates will be similar to last week).  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) and on the 15 year as low as 3.00% (conforming, 1 point).  As mentioned the 10y yield started off the day at the 2.34% level and the FNMA 30y 3.5  coupon started off the day at the 102.77 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.