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Current Interest Rates *, **
FIXED CONFORMING
PROGRAM RATES APR Pmt Per $1,000
30 YR 3.250%

3.371%

$4.35
15 YR 3.125% 3.341% $6.97
FIXED JUMBO
PROGRAM RATES APR Pmt Per
$1,000
30 YR 3.625% 3.753% $4.56
ARM Click any ARM product for more information.
PROGRAM RATES APR Pmt Per
$1,000
10/1 3.500% 3.360% $4.49
7/1 3.250% 3.149% $4.35
5/1 2.990% 3.013% $4.21
3/1 2.990% 2.998% $4.21
 
 
Current Interest Rates*, **
HOME EQUITY LINE OF CREDIT1
PROGRAM RATES APR Pmt Per
$1,000
20 YR 3.25% 3.25% $5.67
HOME EQUITY LOAN2
PROGRAM RATES APR Pmt Per
$1,000
10 YR 4.49% 4.49% $10.36
15 YR 4.49% 4.49% $7.64
20 YR 5.49% 5.49% $6.87
 
*Up to 80% Total Loan To Value.
Other rates and terms available.
Pmt Per $1,000 does not include taxes
and insurance if applicable.
The actual obligation will be
greater than payment shown.
 
Current Interest Rates *, **
FIXED CONFORMING
PROGRAM RATES APR Pmt Per $1,000
30 YR 3.250%

3.371%

$4.35
15 YR 3.125% 3.341% $6.97
FIXED JUMBO
PROGRAM RATES APR Pmt Per
$1,000
30 YR 3.625% 3.753% $4.56
ARM Click any ARM product for more information.
PROGRAM RATES APR Pmt Per
$1,000
10/1 3.500% 3.360% $4.49
7/1 3.250% 3.149% $4.35
5/1 2.990% 3.013% $4.21
3/1 2.990% 2.998% $4.21
 
 
Current Interest Rates*, **
HOME EQUITY LINE OF CREDIT1
PROGRAM RATES APR Pmt Per
$1,000
20 YR 3.25% 3.25% $5.67
HOME EQUITY LOAN2
PROGRAM RATES APR Pmt Per
$1,000
10 YR 4.49% 4.49% $10.36
15 YR 4.49% 4.49% $7.64
20 YR 5.49% 5.49% $6.87
 
*Up to 80% Total Loan To Value.
Other rates and terms available.
Pmt Per $1,000 does not include taxes
and insurance if applicable.
The actual obligation will be
greater than payment shown.

Market Commentary

Updated on November 23, 2020 10:06:42 AM EST

There is no relevant economic data set for release today, but we do have the first of this week’s two Treasury auctions that may influence mortgage rates taking place. Results of the 5-year Treasury Note auction will be posted at 1:00 PM ET. Good news for rates would be a strong demand for the securities that should help boost the broader bond market. Results will be posted at 1:00 PM ET, meaning if there is a reaction to the sale, it will come during early afternoon trading.

The rest of this holiday-shortened week brings us six monthly or quarterly economic reports for the markets to digest in addition to the minutes from the most recent FOMC meeting. Despite the holiday, it still should be a very active week for the markets and mortgage rates.

Novembers Consumer Confidence Index (CCI) is the first economic data of the week, scheduled for 10:00 AM ET tomorrow morning. This Conference Board index helps us track consumer willingness to spend. If a consumers confidence in their own financial and employment situation is strong, analysts believe that they are more apt to make larger purchases in the near future, fueling economic growth. This is important because consumer spending makes up over two-thirds of the U.S. economy and strength in it makes long-term securities such as mortgage-related bonds less attractive to investors. Analysts are expecting to see a decline in confidence from last months level, meaning surveyed consumers were a less optimistic about their own financial situations this month than they were last month. A weaker reading than the 96.5 that is expected would be good news for mortgage rates, while a stronger reading could push mortgage rates higher tomorrow.

Also tomorrow is the 7-year Treasury Note auction. As with today’s sale, a strong demand from investors would be considered good news for bonds and mortgage pricing. Results of this sale will also be posted at 1:00 PM ET.

Overall, I am expecting Wednesday to be the busiest day for the bond market and mortgage rates with weekly unemployment claims, the minutes from the last FOMC meeting and five monthly or quarterly economic reports all set for release. The calmest day will most likely be Friday as many traders will be home for the long weekend rather than in the office working.

 ©Mortgage Commentary 2020

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NMLS#: 406108 | Federally insured by NCUA up to $250,000. | Shares and Deposits in excess of NCUA limits are fully insured by MSIC. | ehl Equal Housing Opportunity

Copyright © 2017 Jeanne D’Arc Credit Union.  All rights reserved. Jeanne D’Arc©, MoneyStrong© and the phrase. We Share a Common Thread©, are federally register trademarks owned by Jeanne D’Arc Credit Union, and may not be used, displayed or reproduced by any other party without the express written permission of Jeanne D’Arc Credit Union.

** Rates are effective November 23, 2020 and are subject to change at any time. Conforming Purchase loan sizes up to $510,400.00 on one unit properties. Conforming rates and APR based on $510,400.00 Purchase loan amount with FICO credit scores of 780 and loan to value no greater than 75%. Jumbo rates and APR based on a $510,410.01 Purchase loan amount with FICO credit scores of 780 and loan to value no greater than 75%. For adjustable rate mortgages, rate may increase after consummation.

1 APR = Annual Percentage Rate. For all Home Equity Line of Credit terms see Important Terms of our HELOC link above. $5.00 Membership Account Required. Up to 80% loan to value. Other rates and terms available. Home Equity Lines of Credit are only available on Primary Residence and Second Homes. Home Equity Lines of Credit are only available in the states of Massachusetts and New Hampshire.

APR = Annual Percentage Rate. Other rates and terms up to 20 years available. Borrow up to 95% (75% for Second Homes) of your home's current value less any secure debt secured by your home with a minimum of $10,000 and a maximum of $250,000. Home Equity Loans are only available on Primary Residence and Second Homes. Home Equity Loans are only available in the states of Massachusetts and New Hampshire. Rates as of January 09, 2019 and are subject to change without notice. $5.00 Membership Account Required.

 

NMLS#: 406108 | Federally insured by NCUA up to $250,000. | Shares and Deposits in excess of NCUA limits are fully insured by MSIC. | ehl Equal Housing Opportunity

Copyright © 2017 Jeanne D’Arc Credit Union.  All rights reserved. Jeanne D’Arc©, MoneyStrong© and the phrase. We Share a Common Thread©, are federally register trademarks owned by Jeanne D’Arc Credit Union, and may not be used, displayed or reproduced by any other party without the express written permission of Jeanne D’Arc Credit Union.

** Rates are effective November 23, 2020 and are subject to change at any time. Conforming Purchase loan sizes up to $510,400.00 on one unit properties. Conforming rates and APR based on $510,400.00 Purchase loan amount with FICO credit scores of 780 and loan to value no greater than 75%. Jumbo rates and APR based on a $510,410.01 Purchase loan amount with FICO credit scores of 780 and loan to value no greater than 75%. For adjustable rate mortgages, rate may increase after consummation.

1 APR = Annual Percentage Rate. For all Home Equity Line of Credit terms see Important Terms of our HELOC link above. $5.00 Membership Account Required. Up to 80% loan to value. Other rates and terms available. Home Equity Lines of Credit are only available on Primary Residence and Second Homes. Home Equity Lines of Credit are only available in the states of Massachusetts and New Hampshire.

APR = Annual Percentage Rate. Other rates and terms up to 20 years available. Borrow up to 95% (75% for Second Homes) of your home's current value less any secure debt secured by your home with a minimum of $10,000 and a maximum of $250,000. Home Equity Loans are only available on Primary Residence and Second Homes. Home Equity Loans are only available in the states of Massachusetts and New Hampshire. Rates as of January 09, 2019 and are subject to change without notice. $5.00 Membership Account Required.