Mortgage Interest Rates, at 4.75, Borrowing Cost Declining. Mortgage Interest Rates Down Slightly Today.

Today’s mortgage interest rates improved slightly today as the benchmark 10 year treasury yield, a leading indicator for 30 year fixed mortgage rates, declined, followed by price improvements by mortgage lenders. Mortgage rates are at their lowest point since April of this year when they broke the all time record lows according to Freddie Mac, whose weekly report in mid April said average fixed mortgage rates were below 4.8 percent.

Mortgage Interest Rates to 4.625 Percent?

Today’s Mortgage Interest Rates

Today’s 30 year fixed mortgage rates are as low as 4.75 percent at par, and nearing 4.625 percent. Wholesale mortgage lenders lowered borrowing costs for 4.75 percent, 30 years fixed, following the decline in today’s yield.
Today’s 15 year fixed mortgage interest rates are as low as 4.25 percent at par.
The big improvement is in 5/1 ARM mortgage rates which are now as low as 3.75 percent at par. 5/1 ARM’s are not recommended for anyone spending more than 5 years in a home.

Borrowing Cost for 4.75 Percent 30 Year Fixed Mortgage Rate Declining

Borrowing costs for 30 year fixed mortgages at 4.75 percent declined today. Friday afternoon 4.75 percent on a 30 year fixed mortgage became available at par for the first time since April when rates broke all time record lows.