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Today's Interest Rate News

May 22, 2017:  8:35am

Good morning!

Interest rate trends: Today – Flat; 10 days – Lower; 25 days – Flat

Interest rate recommendation: No immediate concerns either way

Mortgage Backed Securities (MBS’s) are flat this morning with no real economic data being released.  Tomorrow we have New Home Sales and Wednesday Existing Home Sales data.  Merrill Lynch has revised downward their inflation forecast for 2017 after 2 consecutive months of lower inflation indicators.  Interest rates remain the same as last Friday.  Have a great day!

30 Year fixed

Cost/-Credit

APR

Change from yesterday

3.750%

0.750%

3.822%

No change

3.875%

0.125%

3.903%

No change

4.000%

-0.750%

3.965%

No change

15 Year fixed

 

 

 

3.125%

0.250%

3.187%

No change

3.250%

-0.500%

3.220%

No change

3.375%

-1.000%

3.284%

No change

7/1 ARM

 

 

 

3.250%

0.625%

3.311%

No change

3.375%

0.250%

3.410%

No change

3.500%

0.000%

3.518%

No change

30 Year FHA

 

 

 

3.750%

-0.500%

4.733%

No change

 

To obtain the most accurate interest rates for your specific situation, please click www.galmc.com to obtain a custom quote.  Because we can only post one specific scenario and there are so many adjustments based on loan-to-value ratios, credit scores, loan amounts etc. the rates above may not be accurate for your situation.