Mortgage Rates November 20, 2017

Mortgage rates for November 20, 2017 are set to start the day at similar levels seen on Friday.  The 10y yield opened the morning trading session at the 2.33% level and have since moved up to the 2.36% level.   On Friday we had Building Permits and Housing Starts.  Today we do not have any major economic reports however tomorrow we have mortgage interest ratethe housing start numbers and on Wednesday we have Consumer Sentiment, Durable Goods and MBA Purchase and MBA Refinance readings.  Markets are closed Thursday and Friday.

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 2.33% level and the FNMA 30y 3.5  coupon started off the day at the 102.58 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.