Mortgage Rates September 22, 2017

Mortgage rates for September 22, 2017 are ending the week at similar levels seen on Thursday.  As of this morning we’re seeing 30 year fixed mortgage rates below 3.875%, 15 year fixed rates below 3.125% and 7/1 ARM rates below 3.375% (conforming, zero points) – the cost to obtain these mortgage rates will be similar compared to yesterday. mortgage interest rateYesterday we had the Philly Fed Index, weekly Jobless Claims and Monthly Home Price index and today there is no major economic data being reported.

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, zero points) and on the 15 year as low as 2.875% (conforming, zero points).  The 10y yield started off the day at the 2.25% level and the FNMA 30y 3.5 started off the day at the 103.16 level .

Are you looking to buy a new home or refinance a current mortgage?  Please be sure to give us a call at 1-800-550-5538 for a no cost – no obligation quote.