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Mortgage Rates 11-20-17

By Chantelle Stein Updated on 11/20/2017

As is standard with the bond market conditions we see Thanksgiving week, mortgage rates have crept up slightly. Because bond markets trend under mortgage rates, traders and mortgage lenders expect a standard level of participation. However, during major holiday weeks, this participation decreases quite a bit. The remaining players in the market typically behave more conservatively; including lenders not getting too aggressive with pricing and interest rates staying within the recent boundaries. Needless to say, this Thanksgiving week will either be uneventful or dead. Mortgage banks and bond markets are closed Thursday (Thanksgiving Day) and Friday is a half-day, leaving many lenders to republish the rate sheet from the Wednesday prior to Thanksgiving. If your lenders pricing is similar to Friday (11/17) or reprices lower by closing bell today, suggestions from Loan Originators is to go ahead and lock. 

 

Bookmark this page for mortgage rates:

 

• 30 year (FRM) rates at 3.98% (+0.01%)
• 15 year (FRM) rates at 3.31% (+0.01%)
• FHA 30 year Fixed rates at 3.65% (0.05%)
• Jumbo 30 year Fixed rates at 4.18% (+0.02%)
• 5/1 ARM rates at 3.20% (-0.01%)

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About The Author:
Chantelle Stein
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