"McKay was wonderful to work with and was good at responding quickly to my questions. Best interest rate around with the lowest fees. Highly recommended."
M Nielsen

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"I found Great American Lending (Spencer in particular) extremely easy to work with. He gave us his best right off and responded to questions within minutes. Would definitely recommend using this company."
Sammy F.

Today's Interest Rate News

March 29, 2017:  7:27am

Good morning!

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

Interest rate recommendation: Cautious float

Mortgage Backed Securities (MBS’s) are slightly better this morning (+14bps), trying to regain some of their late losses yesterday afternoon (-31bps).  Not much in economic news today.  We will continue our cautious float recommendation since we don’t think much will happen today and MBS’s are trying to improve.  Have a great day! 

30 Year fixed

Cost/-Credit

APR

Change from yesterday

4.000%

0.250%

4.037%

Lender credits worsened by .25%

4.125%

-0.500%

4.107%

Lender credits worsened by .25%

4.250%

-1.250%

4.178%

Lender credits worsened by .25%

15 Year fixed

 

 

 

3.250%

0.000%

3.282%

Lender credits worsened by .125%

3.375%

-0.500%

3.345%

Lender credits worsened by .125%

3.500%

-1.000%

3.409%

Lender credits worsened by .125%

7/1 ARM

 

 

 

3.250%

0.375%

3.294%

No change

3.375%

0.000%

3.393%

No change

3.500%

-0.375%

3.492%

No change

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.