Mortgage Rates October 24, 2017

Mortgage rates for October 24, 2017 are set to start off the day higher/at worse levels than yesterday as the 10y yield moves above 2.40% in early trading.  There are no major economic numbers coming out today and but tomorrow we mortgage interest ratehave Durable Goods, MBA Purchase, MBA Refinance and New Home Sales numbers.  The market is moving higher in anticipation of the ECB meeting later this week and solid earnings from CAT prior to the market open.

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).  If the 10y yield moves much higher the above rates may move up 0.125%

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 2.41% level and the FNMA 30y 3.5  coupon started off the day at the 102.66level.

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.