Mortgage Rates September 25, 2017

Mortgage rates for September 25, 2017 are starting the week at similar levels seen on Friday.  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 Friday. Today mortgage interest ratewe had no major economic data however we did have some comments out of North Korea that pushed bond yields lower in later morning trading.  Tomorrow we have Case Schiller, New Home Sales and Consumer Confidence.

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 by late morning moved down to the 2.21% level after North Korea claimed recent comments from Trump were a “declaration of war”.  FNMA 30y 3.5 started off the day at the 103.18 level and after the North Korean comments pushed nearly to 103.40.

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.