Today's Mortgage Rates, Mortgage Rates Today, Current Mortgage Rates

Not much going on in the world of mortgage rates today a day after the Fed announced they'll keep the key Fed lending rate at or near zero for an extended period of time. The Fed rate does not directly affect conforming 30 year fixed mortgage rates but does affect the market and in turn indirectly affect mortgage rates.

Economic Reports and Mortgage Rates

This morning it was announced third quarter productivity increased over 9 percent well above the anticipated 6.5 percent. Weekly jobless claims fell less than expected. Prices of Residential Mortgage Backed Securities, of which current mortgage rates move opposite, rose slightly but not enough to drive lender's to adjust their rate sheets for the better especially considering the declines the past 2 days. The benchmark 10 year treasury yield, a leading indicator of conforming 30 year fixed mortgage rates, is down slightly today and at 3.54 as of 12:02 PM PST. The yield is up significantly from 3 weeks ago when it was below 3.2 and 30 year fixed mortgage rates neared 4.5 percent.

Current Mortgage Rates – FreeRateUpdate.com

FreeRateUpdate.com research of wholesale mortgage lender's current mortgage rates shows mortgage rates once again holding steady. There hasn't been much of a change in mortgage rates since they shot up a 1/4 point a little over 3 weeks ago.

• 30-year fixed-rate = 4.875 percent
• 20-year fixed-rate = 4.75 percent
• 15-year fixed-rate = 4.25 percent
• 5/1 ARM rate = 3.75 percent

The mortgage rates above are at par. Par rates are the lowest available interest rates without the requirement by the lender for the borrower to pay additional points and fees also known as a buy down. Par rates can be obtained at "average closing" closing cost.

Prices of Residential Mortgage Backed Securities are up slightly today. Current mortgage rates, which move opposite the price of RMBS,  remain the same. Current mortgage rates are unlikely to rise given RMBS price increases the past 2 days.

Late last week it seemed foreordained conforming 30 year fixed mortgage rates would rise above 5 percent. The 10 year treasury yield, one of the leading indicators for current mortgage rates, spiked to the mid 3’s a level not seen since mid September.

Current mortgage rates have stabilized.

Current Mortgage Rates

FreeRateUpdate.com research of wholesale lender’s current mortgage rates shows little to no changes in the past 24 hours. Current 30 year fixed mortgage rates are at 4.875 percent at par. Current 15 year fixed mortgage rates are at 4.25 percent at par. Current 5/1 mortgage rates are at 3.75 percent at par. Par rates are the lowest available interest rates not requiring additional points to be paid by the borrower, also known as buy down points.

Current Mortgage Rates Forecast

Though home values are declining slower by the month today’s report which says new home sales unexpectedly were down is favorable for current mortgage rates. The Fed holds a 5 year treasury bond auction today following yesterday’s 2 year auction which was met with high demand. High demand at bond auction’s is good for mortgage rates which move the opposite bonds.

Current mortgage rates are likely to be adjusted upward by mortgage lenders as the benchmark 10 year treasury yield, the leading indicator for today’s mortgage rates, continues to rise fast. The yield is up to 3.47, 0.0480 (1.40%) overall. As mortgage rates approached 4.5 percent, 30-years fixed, just 2 weeks ago the yield was below 3.2 percent. Today’s 30 year fixed mortgage rates are likely to move above 5 percent for the first time in about a month.

Current mortgage rates are rising.

Current Mortgage Rates (we’ll update rates as soon as lenders make adjustments)

FreeRateUpdate.com research of wholesale mortgage lenders rate sheets shows current 30 year fixed mortgage rates at 4.875 percent at par, where they’ve been for the most of the past 2 weeks. 15 year fixed mortgage rates are at 4.25 percent. Current 5/1 ARM mortgage rate is 3.875 percent at par. Par rates are the lowest available interest rates by a lender without the requirement for the borrower to pay additional points and fees.

Current Average Mortgage Rates

Zillow reports current 30 year fixed national average mortgage rate at 4.84 percent as of 12:15 pm PST. Zillow reports today’s national average for 15 year fixed conforming mortgages at 4.31 percent as of 12:16 pm PST. These rates are likely to rise and we’ll let you know when they do.

Bankrate.com reports today’s national average mortgage rates higher than Zillow. Bankrate says today’s average 30 year fixed mortgage rate is 5.15 percent. Bankrate says today’s average 15 year fixed mortgage rate is 4.71 percent. Both of these rates are as of 12:17 pm PST and higher than last week.

Current mortgage rates are unchanged.

The 10 year yield, used to forecast current mortgage rates, was flat today closing at 3.42 percent. Current mortgage rates which tend to follow the 10 year yield were flat as a result. Freddie Mac said today in their weekly mortgage rates survey that 30 year fixed mortgage rates averaged 5 percent this Monday through Wednesday.

Current Mortgage Rates

According to FreeRateUpdate.com research of wholesale lender’s current mortgage rates30 year fixed mortgage rates are as low as 4.875 percent at par. Par rates are the lowest available interest rates without the requirement by the lender for the borrower to pay additional points. Current 15 year fixed mortgage rates are as low as 4.25 percent at par. Current 5/1 ARM mortgage rates are as low as 3.875 percent.

• 30-year fixed-rate = 4.875%
• 20-year fixed-rate= 4.75%
• 15-year fixed-rate= 4.25%
• 5/1 ARM rate= 3.875%

Current Mortgage Rates Flat Since Move Up

A week and a half ago mortgage rates seemed to be approaching 4.5 percent fixed for 30 years. Current mortgage rates are unchanged from the Friday before last when 30 year fixed mortgage rates jumped from 4.625 percent to 4.875 percent in a matter of hours. Until the price of residential mortgage backed securities changes substantially mortgage rates which move opposite mortgage backed securities will see marginal changes. It’s likely mortgage rates waiver between 4.75 and 5 percent for the rest of the week.