Mortgage Rates October 26, 2018

Mortgage rates for October 26th, 2018 are finishing off the week slightly improved as the 10y yield will finish off the week below 3.10%. This week we had New Home Sales, Oil Inventories, Durable Goods and Advance Q3 GDP. New Home Sales continue to be week, Oil Inventories are pushing the price of oil below $70 a barrel and the Advance Q3 GDP came in a bit stronger than expected. However the strength of the GDP was most attributed to a huge build up in inventories. Unlike last week the stock market decline has been a positive for bond yields and mortgage rates.

Currently we’re seeing 30 year fixed mortgage rates below 5.00%, 20 year fixed mortgage rates below 4.875% and 15 year fixed rates below 4.50%.  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 4.625% on the 30 year fixed rate loan program (conforming, 1.25 origination), 20 year fixed 4.50% (conforming, 1.25 point) and on the 15 year as low as 4.00% (conforming, 1 point).  

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.