Mortgage Rates November 30, 2017

Mortgage rates for November 30 2017 should be similar to terms seen yesterday as the bond markets settles from yesterday’s selloff.  The 10y yield opened the morning trading session at the 2.38% level and seems to be stable to mortgage interest ratestart off the morning session.  Today we have Core PCE, and Chicago PMI and on Friday we have ISM Manufacturing and Construction Spending reports.  Core PCE came in as expected and the Chicago PMI reading was slightly higher than expected.

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 2.38% level and the FNMA 30y 3.5  coupon started off the day at the 102.70 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.