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Rate APR Points
Conf 5/1 ARM
2.625% 3.557% 0.000
Conv. 15 Yr Fixed ($320,000 loan, $400,000 value)
2.625% 2.786% 0.000
FHA 30 Yr Fixed ($289,500 loan, $300,000 value)
3.250% 4.176% 0.000
Conv. 30 Yr Fixed ($320,000 loan, $400,000 value)
3.250% 3.309% 0.000
Jumbo/High Balance 30 Yr Fixed ($600,300 limit, Salt Lake & Summit Counties)
3.500% 3.517% 0.000
Updated: Sep 28, 2016 8:28 AM MT
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Today's Interest Rate News

September 28, 2016; 8:31am

Good morning!

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

Interest rate recommendation: Locking bias

Mortgage Bonds (MBS’s) remained flat yesterday and have kept that same direction today.  MBS’s currently flat 0.0bps, where up +2bps moments ago.  Interest rates remain the same and lender credits did not change either.  Rates are looking really good and with the Durable Goods Orders coming in at expectations and the Bullish comments from the ECB’s Draghi this morning, it is amazing that MBS’s remain resilient.  We continue our locking bias recommendation as it appears pressure is mounting for a reversal of some sort.  Lock and enjoy!  Have a great day!