Mortgage Rates October 17, 2017

Mortgage rates for October 17, 2017 are set to start off the day similar to terms seen on Monday.  Today we had the Import Prices and Export Prices reading and tomorrow we have the weekly MBA Purchase Index, the weekly MBA Refinance Index, Housing Starts and Building Permits.  Currently we’re seeing 30 year fixed mortgage rates remain mortgage interest ratebelow 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 Wednesday).  

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, 0.625 of a point) and on the 15 year as low as 3.00% (conforming, 1 point).  The 10y yield started off the day at the 2.31% level and the FNMA 30y 3.5  coupon started off the day at the 102.97 level.  Import Prices and Export Prices both came in higher than anticipated this morning and that is putting some pressure on the bond market.  

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.