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TODAY’S MORTGAGE RATES

Interest Rates hit their lowest levels
in 3 years on Friday.

Since then, we’ve seen rates move
up some, but still in the high 5%’s
to low 6%’s for a conventional
30-year fixed rate for most clients.

The Mortgage Backed Security (MBS)
market traded up +33 bps for the
week. The 10 Year Treasury is
currently sitting at 4.1811%.

Here are your Average Mortgage
Rates across the country according
to Mortgage News Daily.

A 30 Year Fixed Conventional Rate at
6.01% – equates to a $600.19 Principal
and Interest Payment per $100,000 in
Loan Amount. If you would like me to put
together scenarios for your situation, feel
free to contact me or use my Free
Mortgage Calculator below:

Mortgage Calculator – Green Home Loans

President Trump caused quite the stir
last week when he stated that he has
instructed Fannie and Freddie to
purchase 200 billion in Mortgage
Bonds to push mortgage rates lower.

The announcement caused a huge
spike in the mortgage backed security
pricing (higher MBS = better rates).
If/when this happens, it should be
positive for mortgage interest rates.

The other big news last week was
December’s BLS Jobs Report. Job
creation was slightly lower than
expectations with 50,000 jobs created
compared to an estimated 60,000 jobs.
The unemployment rate dropped
from 4.5% to 4.4%.

The big news this week is the CPI and
PPI inflation reports coming in Tuesday
and Wednesday. Higher inflation hurts
rates.  Lower inflation helps rates.

Overall, I’m feeling very good about
where interest rates are. A lot of
customers that have closed on mortgages
over the last 3 years should look at
refinance options.

There are a lot of characteristics
that go into a mortgage rate –
credit score, investor, loan to
value, loan amount, costs, etc.
Please call me to go over your specific
scenario so we can price your loan
out accurately.

Or you can get a Free Mortgage Quote
or Apply for a Mortgage with the links below.

Thank You! 

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MORTGAGE RATES ARE DOWN
OVER 1% SINCE LAST YEAR

Mortgage rates are down a full percentage
point since last year. That recent drop
doesn’t sound dramatic, until you realize
how much it can already save you on the
typical $400k loan. Compared to buying
in January of last year, that saves you
more than $330 a month and almost
$120k over the life of your loan. That’s
the difference just one year makes.

Have a great week!!!