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Rate APR Points
Conf 5/1 ARM
2.625% 3.567% 0.000
Conv. 15 Yr Fixed ($320,000 loan, $400,000 value)
2.750% 2.749% 0.000
FHA 30 Yr Fixed ($289,500 loan, $300,000 value)
3.250% 4.112% 0.000
Conv. 30 Yr Fixed ($320,000 loan, $400,000 value)
3.375% 3.415% 0.000
Jumbo/High Balance 30 Yr Fixed ($600,300 limit, Salt Lake & Summit Counties)
3.500% 3.558% 0.000
Updated: Oct 24, 2016 8:42 AM MT
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Today's Interest Rate News

October 24, 2016; 8:41am

Good morning!

Interest rate trends: Today – Rising; 10 days – Higher; 25 days – Higher

Interest rate recommendation: Locking bias

Mortgage Bonds (MBS’s) started the day out nicely, but have turned worse and continue to worsen.  Thus our locking bias recommendation.  Interest rates came out the same as last Thursday and Friday with lender credits either being the same or slightly worse.  The Fed’s Bullard is calling for 1 rate hike in December as sufficient at this time.  There is plenty of economic data being released this week to make the week volatile, another reason locking is a good call at this time.  Have a great day!