Mortgage Rates October 11, 2017

Mortgage rates for October 11, 2017 are starting off the day similar to Tuesday as the bond market seeks direction after 4 weeks of selling.  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 should be similar to yesterday).  mortgage interest rate

Later today we have the FOMC Minutes and the 10y auction which may provide some direction to the bond markets.  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 2.33% level and the FNMA 30y 3.5  coupon started off the day at the 102.82 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.