With the overwhelming changes in rates, weather and presidential staff we saw in 2017, we're now experiencing almost NO change for 2017 with the 10-year Treasury note. It yielded 2.41% versus yielding 2.45% beginning 2017. Even with the 30-year and 15-year fixed-rate mortgage spread, historically Mortgage Professionals have noticed a .75% delta, which has now shrunk to less than .50%. These indicators would typically raise red flags of a recession, but there seems to be little concern in the market, for now.
Bookmark this page for mortgage rates:
• 30-year (FRM) rates at 4.07% (+0.02%)
• 15-year (FRM) rates at 3.41% (+0.02%)
• FHA 30-year Fixed rates at 3.75% (0.00%)
• Jumbo 30-year Fixed rates at 4.22% (+0.02%)
• 5/1 ARM rates at 3.22% (+0.02%)
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