At 7:30 this morning, GDP came in at 5.7% versus 4.7%. This is good economic news and pushed stocks up at the expense of bonds. Today is a busy day, Microsoft beat earnings estimates, the Chcago PMI was 61.5 versus 57.2, and Consumer Sentiment was 74.4 versus 73.0 expected. That, in a nutshell, should cause mortgage rates to skyrocket.
It didn't. The 5% 30 Year Fixed is relatively unchanged and bonds have fought back to flat on the day, slightly better since rate sheets came out. We could be seeing an intraday rate change for the better.
Current Interest Rates
| No Origination Fees or Origination Points On These Rates, Read Assumptions for Full Details. | ||
| 30 Year Fixed | ||
| Rate | Discount Points | APR |
| 4.875% | 0.65% | 5.000% |
| 5.000% | 0.03% | 5.072% |
| 5.125% | 0.00% | 5.147% |
| 20 Year Fixed | ||
| Rate | Discount Points | APR |
| 4.625% | 1.37% | 4.808% |
| 4.750% | 0.37% | 4.849% |
| 4.875% | 0.00% | 4.916% |
| 15 Year Fixed | ||
| Rate | Discount Points | APR |
| 4.250% | 0.69% | 4.371% |
| 4.375% | 0.00% | 4.428% |
| 4.500% | 0.00% | 4.511% |
| 7/1 ARM | ||
| Rate | Discount Points | APR |
| 3.875% | 1.10% | 4.026% |
| 4.000% | 0.80% | 4.127% |
| 4.125% | 0.45% | 4.225% |
| 5/1 ARM | ||
| Rate | Discount Points | APR |
| 3.375% | 1.11% | 3.521% |
| 3.500% | 0.78% | 3.621% |
| 3.625% | 0.46% | 3.721% |
| FHA 30 Year Fixed | ||
| Rate | Discount Points | APR |
| 4.750% | 1.37% | 5.673% |
| 4.875% | 0.74% | 5.742% |
| 5.000% | 0.00% | 5.789% |
| Assumptions | ||
