Mortgage Rates October 19, 2017

Mortgage rates for October 19, 2017 are set to start off the day similar to yesterday as the bond market yields retreat from recent highs.  Today we have we have the Philly Fed Index along with weekly Jobless claims and tomorrow we have existing Home Sales.  Currently we’re seeing 30 year fixed mortgage rates remain below 4.00%, 15 year fixed mortgage interest raterates 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 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, 0.50 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 102.94 level.  It would help put a ceiling on bond yields if the 10y pushes below 2.29%; and even better if it goes below the 2.27% 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.