Mortgage Rates September 26, 2017

Mortgage rates for September 26, 2017 are starting the week at similar levels seen yesterday.  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 Monday. mortgage interest rateYesterday we had no major economic data and today we have Case Schiller, New Home Sales and Consumer Confidence.  Tomorrow will have the MBA Mortgage Index, MBA Purchase Index, MBA Refinance Index, Pending Home Sales and Durable Goods.

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 2.21% level and the FNMA 30y 3.5  coupon started off the day at the 103.18 level.  California mortgage rates remain at some of the levels of the year as we had into the fall.

If you are looking to refinance our purchase a new home please be sure to give us a call at 1-800-550-5538.  We offer industry low mortgage rates and top notch customer service.  We have a top rating with the Better Business Bureau and the Business Consumers Alliance along with online review sites such as Mortgage101 dot com.