Daily Mortgage Rate Update

Daily Mortgage Rate Update

Rates for 10/29/2018 as of 9:00 AM. Rates are lower compared to 10/26
Assumptions: 30 day lock, on a purchase loan for a primary home, loan amount of $300,000 (75% loan-to-value) with taxes and insurance and with credit scores of 740+. APR is not the interest rate but reflects the rate with charges that are paid to get a loan. Rates are subject to change without notice. JUMBO pricing is based on 20% down, 6 months reserves, and a 550K loan amount. All other assumptions are the same.
Market - 10 year treasury yield is FLAT today and at about  3.1%+ 

We had a slight dip in the rates near the end of last week but many are expecting to see the uptrend in rates continue.  
   

https://www.cnbc.com/quotes/?symbol=US10Y

 For more information and the latest market update contact Evan Karr with Priority Home Lending.







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