Mortgage Rates October 10, 2017

Mortgage rates for October 10, 2017 are starting off the day on a positive note as bond buyers re-enter the bond market. 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 should be similar to mortgage interest ratelast Friday).  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 3.75% on the 30 year fixed rate loan program (conforming, zero points) and on the 15 year as low as 3.00% (conforming, zero points).  The 10y yield started off the day at the 2.36% level and then moved down to the 2.30% level.  The FNMA 30y 3.5  coupon started off the day at the 103.00 level.

If you are looking to refinance your mortgage our purchase a new home please be sure to give us a call at 1-800-550-5538 for a no cost – no obligation quote.