Mortgage Rates October 23, 2017

Mortgage rates for October 23, 2017 are set to start off the day at similar levels seen last Friday.  At the end of last week we had the Philly Fed Index, weekly Jobless claims along with existing Home Sales.  Along with the announcement that the Senate has moved forward on a budget and tax reform sent bond yields much higher.  There mortgage interest rateare no major economic numbers coming out today and none tomorrow.  On Wednesday we have Durable Goods, MBA Purchase, MBA Refinance and New Home Sales numbers.

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 will be higher today).

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, 1 point) and on the 15 year as low as 3.00% (conforming, 1 point).  The 10y yield started off the day at the 2.37% level and the FNMA 30y 3.5  coupon started off the day at the 102.77 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.