Today's Mortgage Rates (FreeRateUpdate.com) -- 30 Yr Fixed 4.750........15 Yr Fixed 4.250.........5/1 ARM 3.625...........FHA 30 Year Fixed 4.750...........Jumbo 30 Year Fixed 5.625....... - Mortgage rates are stable.

Click Here to Search Local Mortgage Rates

Author Archive

FHA Mortgage Rates: FHA 30 Year Fixed Mortgage Rate as Low as 4.5%, FHA Rates Close the Gap.

John Kaloper | November 28, 2009 | 0 Comments

FHA mortgage rates are currently at all time record lows as mortgage rates overall have bottomed out heading into the holiday season. The conforming 30 year fixed rate has been a tad lower than the FHA 30 year fixed rate the past few weeks but not any longer. FreeRateUpdate.com research of wholesale lender’s mortgage rate sheets shows the current FHA mortgage rate at 4.5%, 30-years fixed. Despite 4.5% indeed being available through a broker who has access to wholesale lending rates banks… Read more

FHA Mortgage Rates: 30 Year Fixed FHA Loan Par Rate at 5. FHA Loan Rates Vary Bank to Bank.

John Kaloper | October 30, 2009 | 0 Comments

FHA loan rates were steady this week amid several up and downs in the Residential Mortgage Backed Securities Market. FHA mortgage rates for the most part mirror conforming mortgages; however, FHA offers several programs and therefore rates vary. Closing costs on FHA loans are always higher than comparable conforming mortgages because PMI (mortgage insurance) is collected up front. In taking a look at Wells Fargo's FHA loan rates we came to the conclusion they're not competitive…. Read more

FHA Loan Rates Low – Current FHA Loan Rate 5 Percent, Fixed for 30 Years.

John Kaloper | September 21, 2009 | 0 Comments

FHA Loan Rate at 5 Percent, Fixed for 30 years.

30 year fixed FHA loan rates remain near record lows as the week begins. The difference between current FHA loan rates and conforming mortgage rates continues to be marginal. Conforming 30 year fixed mortgage rates are as low as 4.875 while 30 year fixed FHA loan rates are as low as 5 percent. FHA Loan Rates Forecast The 10 year treasury yield, the best indicator for forecasting FHA loan rates and conforming mortgage rates is at 3.47, near a 3 month low. Goldman Sachs said early last week… Read more

30 Year Fixed Mortgage Rate Remains at 4.875 Percent

John Kaloper | September 20, 2009 | 0 Comments

Mortgage rates have been steady since early this month as 30 year fixed mortgage rates remain at 4.875 percent. Freddie Mac said in their weekly mortgage rates report released Thursday 30 year fixed mortgage rates averaged 5.054 percent, down from 5.07 percent the week before and 5.08 percent the week before that. Zillow had average national 30 year fixed mortgage rates between 4.96 and 4.99 for most of the week. 30 Year Fixed Mortgage Rates According to FreeRateUpdate.com Research. Our… Read more

FHA loans are Stabilizing the Housing Market. FHA loan rates are as Low as 4.875 Percent, 30 Years Fixed.

John Kaloper | September 3, 2009 | 0 Comments

With sub prime mortgages a thing of the past FHA loan origination’s have blossomed. FHA loans now account for 23 percent of new mortgages. The surge in FHA loan origination’s is credited to the government tax credit of up to $8,000 for first time homebuyers and underwriting guidelines requiring just 3 percent down in most cases. FHA Loan Rates: FHA loan rates are driven by the same yield, the 10 year treasury yield, that drives conforming Fannie and Freddie insured mortgages. Currently 30… Read more

FHA Loans: FHA Loan Rates Mirror Non-FHA Loans and Offer Lower Down Payments.

John Kaloper | August 28, 2009 | 0 Comments

Many people are under the impression 30 year fixed FHA Loan Rates are not as good or are better than non-FHA Loan Rates. The truth is the leading indicator for FHA loan rates is the 10 year treasury bond yield. The 10 year treasury yield drives 30 year fixed mortgage rates for non-FHA loans advertised on billboards, television, and online. Today’s FHA loan rates: 30 year fixed FHA loan rates are as low as 5 percent with zero buy down points. Buy down points also known as discount points. 15… Read more

Purchase a Home: Buy a Home Now and get a Small Mortgage Rate with a Big Tax Credit.

John Kaloper | August 24, 2009 | 0 Comments

There’s never been a better time to buy a home. Fixed mortgage rates dipped below 5 percent yesterday. A 30 year fixed mortgage can be obtained as low as 4.875 percent with zero buy down points. On a 200,000 mortgage that’s a payment of 1,058.42 principal and interest with the security of a 30 year fixed mortgage. Do you need more incentive to Purchase a Home? Historical Low Rates Not Enough? HOME (Home Ownership Moves the Economy) makes an up to $8,000 tax credit available to anybody who… Read more

Mortgage Refinance: Mortgage Interest Rates Down, Refinance Apps Up.

John Kaloper | August 22, 2009 | 0 Comments

Expectantly mortgage refinance volume is up over 5% week to week. Mortgage interest rates for 30 year fixed loans dropped to their lowest levels since May on Wednesday. Refinance application volume had been down since interest rates shot upward from all time record lows reached in April. The average mortgage interest rate for a 30 year fixed home loan was 5.12 last week according to Freddie Mac. Our research of wholesale lender’s current mortgage interest rates shows 30 year fixed interest… Read more

FHA Loans: FHA Loans are Gaining Popularity Quickly. What is an FHA Loan?

John Kaloper | August 18, 2009 | 0 Comments

FHA is the Federal Housing Administration. FHA Loans are Loans insured by FHA. In 1934 FHA was created. It’s purpose? To stimulate home construction, reduce unemployment & offer loan insurance unavailabe after most lenders fell victimn to the great depression. FHA provides insurance on the balance of the loan from the lender so if the borrower doesn’t pay the lender get’s paid. FHA’s importance now is much like time following the great depression when lending was for the most part dried… Read more

Weekend Mortgage Rates Report: Current Mortgage Rates are Near Historic Lows.

John Kaloper | August 15, 2009 | 0 Comments

Several reports on current mortgage rates, typically regarding the average 30 year fixed rates are released per week. Quite a few sources have reported current 30 year fixed mortgage rates this weekend in the low to mid 5’s. Our research of wholesale mortgage lender’s rate sheets shows that current 30 year fixed mortgage rates as low as 4.875% with zero buy down points are available today. Buy down points are extra points paid in addition to typical closing fees in order to lower the mortgage… Read more