Mortgage Rates November 5th, 2018

Mortgage rates for November 5th, 2018 are starting off the week a bit worse as the 10y yield moved above 3.20%. Since this mornings trading the yield has moved back below 3.20%. This week we have ISM Non-Manufacturing, 10y Note Auction, Mortgage Index, 30y Bond Auction, FOMC rate decision, Core Producer Prices, Inflation Outlook and Consumer Sentiment. Oil is trading below $65 which is good for those that are worried about inflation.

Currently we’re seeing 30 year fixed mortgage rates below 5.00%, 20 year fixed mortgage rates below 4.875% and 15 year fixed rates below 4.50%.  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 4.625% on the 30 year fixed rate loan program (conforming, 1.25 origination), 20 year fixed 4.50% (conforming, 1.25 point) and on the 15 year as low as 4.00% (conforming, 1 point).  

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.