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Today's Interest Rate News

July 13, 2017:  8:33am

Good morning!

Interest rate trends: Today – Slightly higher; 10 days – Flat; 25 days – Slightly higher

Interest rate recommendation: Locking bias

Mortgage Backed Securities (MBS’s) are slightly worse on Yellen comments this morning.  Yesterday we saw nice improvement to MBS’s from Yellen dovish comments.  Economic data released this morning has had no effect on interest rates.  With MBS’s worse by -9bps at present, we will maintain our locking bias at this point.  Tomorrow we will get Retail Sales and CPI (inflation) economic data.  Have a great day! 

30 Year fixed

Cost/-Credit

APR

Change from last update

3.750%

0.875%

3.831%

Pricing improved by .25%

3.875%

0.125%

3.903%

Pricing improved by .25%

4.000%

-0.625%

3.974%

Pricing improved by .25%

15 Year fixed

 

 

 

3.125%

0.250%

3.187%

Pricing improved by .25%

3.250%

-0.500%

3.220%

Pricing improved by .25%

3.375%

-0.875%

3.299%

Pricing improved by .125%

7/1 ARM

 

 

 

3.250%

0.625%

3.311%

Pricing improved by .125%

3.375%

0.250%

3.410%

Pricing improved by .125%

3.500%

0.000%

3.518%

Pricing improved by .125%

30 Year FHA

 

 

 

3.500%

0.250%

4.536%

Pricing improved by .25%

           

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.