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- Mortgage Rates 📢 September 30th, 2024
Mortgage Rates 📢 September 30th, 2024
Rates are a mixed bag ⬆️⬇️ — Jobs Week & Longshoreman strike on the horizon.
Glenn Groves
September 30, 2024
INTEREST RATES
10-Year-Treasury 30-Day Snapshot
Product | Rate / APR | Weekly Change |
|---|---|---|
↔️ Conv. | 6.125% / 6.140% | -.000% |
↔️ Conv. HB | 6.500% / 6.511% | -.000% |
⬇️ JUMBO | 6.375% / 6.384% | -.375% |
↔️ FHA 3.5% DP | 5.250% / 6.175% | -.000% |
⬆️ VA 0% DP | 5.500% / 5.707% | +.250% |
Rate data as of morning of publication. Unless noted otherwise, all scenarios are assuming 30 Year-Fixed mortgage, Purchase or R/T Refinance. No origination points charged, 780 FICO score, and 20% down payment. Provided for consumer education only and does not serve as a binding offer to extend lending. Payment period, interest rate, APR, and other terms subject to income, asset, and credit profile qualification. Provided courtesy of GTG Financial, Inc. NMLS 1595076. Equal housing opportunity. www.nmlsconsumeraccess.org
Rate Markets: After a full week of “no, rates have increased a little bit” conversations, we’re entering an excellent little channel of stability… welcome to Jobs Week with a sprinkle of a massive union strike to keep it spicy, lol.
Tuesday: JOLTS, ISM Manufacturing —> 12:01 EST, the International Longshoreman’s Association will strike. This could cause supply chain issues and it is unknown how the bond market will react in the morning.
Wednesday: Mortgage Apps, ADP Employment Report
Thursday: Initial Jobless Claims, ISM Services, Challenger Job Cut Report
Friday: BLS Jobs Report
Bottom Line: Rates have settled down a bit after the last week and a half of increases. We are entering a week of potential landmines that could rock rates a bit. Buckle up.
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