Fixed mortgage rates followed bond yields lower
For the third consecutive week, pushing 30-year mortgages below 5 percent once more. Similarly, ARM rates eased along with shorter-term rates, as the federal funds futures market indicates no increase in the Federal Reserve’s target rate following its upcoming committee meetings on January 26th and 27th.
Because of reduced sample sizes and work disruptions that occur with severe weather, housing starts tend to be more volatile during winter months. And, indeed, housing starts declined 4.0 percent in December, falling short of the market consensus of no change. Building permits, which are less vulnerable to weather interruptions, unexpectedly jumped 10.9 percent.
Conforming Loan Limits ($417,000 and Under)
| Loan Program | Interest Rate | Points |
| 30 Year Fixed | 4.750% | 1.000 |
| 10/1 ARM | 4.250% | 1.000 |
| 5/1 ARM | 3.625% | 1.000 |
Jumbo Loan Limits ($729,751 and Over)
| Loan Program | Interest Rate | Points |
| 10/1 ARM | 5.375% | 1.000 |
| 7/1 ARM | 5.125% | 1.000 |
| 5/1 ARM | 4.750% | 1.000 |
Agency Jumbo Limits ($417,001 – $729,750)
| Loan Program | Interest Rate | Points |
| 30 Year Fixed | 5.000% | 1.000 |
Money Rates
M11 M21
10 Yr Bond 3.61
Prime 3.25
6 Month Libor 0.42969
Any home buyers are looking at very good numbers right now.
