Current Mortgage Rates 3/27/2017
|Conv. 30 Year Fixed||4.250%||4.295%|
|Conv. 15 Year Fixed||3.500%||3.578%|
|FHA 30 Year Fixed||3875%||4.901%|
|VA 30 Year Fixed||3.750%||3.957%|
Rates are based on these Terms & Conditions
YTD Mortgage Rate Trend
Weekly Market Commentary
Freddie Mac: http://www.freddiemac.com/pmms/
The 10-year Treasury yield fell about 10 basis points this week. The 30-year mortgage rate moved with Treasury yields and dropped 7 basis points to 4.23 percent. This marks the greatest week-over-week decline for the 30-year mortgage rate in over two months, a stark contrast from last week’s jump following the FOMC announcement.
Mortgage News Daily: http://www.mortgagenewsdaily.com/reports/weekly_mortgage_rates/
Mortgage rates began the week in the same holding pattern that began after last week’s big improvements (courtesy of the Fed). This week’s big improvements came courtesy of political gridlock over the bill to replace the Affordable Care Act.
Political headlines utterly dominated newswires. Rates fell after the passage of the bill was called into serious question on Tuesday and they remained in a holding pattern for the rest of the week. The much-anticipated vote was postponed on Friday, ensuring the holding pattern wouldn’t be resolved until next week at the earliest.
Holding here isn’t terrible though. Rates are in line with the lowest levels in about a month with most lenders able to quote top tier conventional 30yr fixed rates of 4.25%.