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Today's Interest Rate

30 Year fixed Cost-Credit APR Change from Yesterday
4.000% 0.000% 4.019% Lender credits better by .25%
4.000% 0.000% 4.019% Lender credits better by .25%
4.125% -0.750% 4.089% No change
15 Year fixed
4.125% -0.750% 4.089% No change
4.125% -0.750% 4.089% No change
4.125% -0.750% 4.089% No change
7/1 ARM
4.125% -0.750% 4.089% No change
4.125% -0.750% 4.089% No change
4.125% -0.750% 4.089% No change
30 Year FHA
4.125% -0.750% 4.089% No change

 

Today's Interest Rate News

March 28, 2017:  7:22am

Good morning!

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

Interest rate recommendation: Cautious float

Mortgage Backed Securities (MBS’s) are flat to slightly better this morning as the markets await this morning’s economic news.  The CaseShiller index came in slightly better than expected, Consumer Confidence just came out blitzing expectations, causing MBS’s to reverse course into negative territory.  The Consumer Confidence report however was likely compiled before last weeks GOP failed attempt to pass a new health care bill.  Since Friday, economic confidence has declined to the lowest level since the Presidential election.  MBS’s are now at -5bps.  While this move is to the worse, we will continue our cautious float recommendation and expect rates to still improve as the week rolls on.  Have a great day! 

30 Year fixed

Cost/-Credit

APR

Change from yesterday

4.000%

0.000%

4.019%

Lender credits better by .25%

4.125%

-0.750%

4.089%

No change

4.250%

-1.500%

4.159%

Lender credits better by .25%

15 Year fixed

 

 

 

3.250%

-0.125%

3.266%

No change

3.375%

-0.625%

3.330%

No change

3.500%

-1.125%

3.394%

No change

7/1 ARM

 

 

 

3.250%

0.375%

3.294%

Lender credits better by .125%

3.375%

0.000%

3.393%

Lender credits better by .125%

3.500%

-0.375%

3.492%

Lender credits better by .125%

30 Year FHA

 

 

 

3.750%

-1.250%

4.680%

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.  

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