Mortgage Rates September 13, 2018

Mortgage rates for September 13th, 2018 remain at similar levels from earlier in the week with the 10y yield at the 2.95% level. The costs to obtain a new mortgage is similar to terms we were seeing a few days ago however the good news is the CPI number came in a bit softer than the bond market was expecting (which is good for mortgage rates) and helped keep yields below 3.00%. 

Currently we’re seeing 30 year fixed mortgage rates below 4.50%, 20 year fixed mortgage rates below 4.375% and 15 mortgage interest rateyear fixed rates below 4.00%.  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 4.25% on the 30 year fixed rate loan program (conforming, 1 point), 20 year fixed 4.00% (conforming, 1.25 point) and on the 15 year as low as 3.625% (conforming, 1 point).  As mentioned the 10y yield started off the day around the 2.94% level and the FNMA 30y 4.0 coupon started off the day around the 101.38 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.