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Rate APR Points
Conf 5/1 ARM
2.750% 3.044% 0.000
Conv. 15 Yr Fixed ($320,000 loan, $400,000 value)
2.750% 2.892% 0.000
FHA 30 Yr Fixed ($289,500 loan, $300,000 value)
3.500% 4.537% 0.000
Conv. 30 Yr Fixed ($320,000 loan, $400,000 value)
3.625% 3.726% 0.000
Jumbo/High Balance 30 Yr Fixed ($600,300 limit, Salt Lake & Summit Counties)
3.875% 3.945% 0.000
Aug 28 2015, 08:59AM MT
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Today's Interest Rate News

August 28, 2015; 9:03am

Good morning!

Interest rate trends: Today – Lower; 10 days – Flat; 25 days – Flat

Interest rate recommendation:  Cautious float

Mortgage Bonds (MBS’s) were weak yesterday until the results of the 7 year treasury auction and some dovish comments by one of the Federal Reserve Board members.  Since that time, afternoon yesterday, we have seen MBS’s improve and they continue this morning.  We are thus changing to a cautious float recommendation to see if we can get slightly better pricing today.  In economic news this morning, there were no surprises.  Rates are great.  Have a nice day and wonderful weekend!