Mortgage Rates November 16, 2017

Mortgage rates for November 16, 2017 are set to start the day at similar levels seen yesterday.  The 10y yield opened the morning trading session at the 2.36% level and have since moved back down to the 2.34% level.  Yesterday we had the weekly MBA Purchase and the weekly MBA Refinance reading along with the Core CPI and mortgage interest rateRetail Sales readings.  Today we had the Philly Fed and Export prices readings (they both came in lower than expected) 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 2.36% level and the FNMA 30y 3.5  coupon started off the day at the 102.60 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.