Current Mortgage Rates 03/23 – 30-yr fixed Cemented at 4.75, FHA Rates

By: | March 23rd, 2010

Mar. 23, 2010 ( – Current 30-yr fixed conventional and FHA mortgage rates are cemented at 4.75% our research shows. 15-yr fixed conventional (conforming/Freddie MAC FRE/ Fannie Mae FNM insured) mortgage rates are at 4.125, while the FHA 15-yr fixed is higher at 4.5%. 5/1 ARM rates for both conventional and FHA loans are at 3.625%. Despite the record low adjustable mortgage rate, ARM origination’s are near an all time low.

current mortgage ratesJumbo 30-yr fixed rates, for jumbo mortgages exceeding conforming jumbo loan limits, are at 5.625%. Slightly better jumbo mortgage rates are available to borrowers with an extremely low LTV.

All rates mentioned in this article are available to well-qualified consumers paying a standard .07 to 1 point origination as verified by our research of wholesale lenders’ rate sheets.

Mortgage-backed securities prices are flat today. The only major piece of economic data effecting mortgage rates, Existing Home Sales, came in slightly better than expected.

The 10-yr T-yield, used by many to forecast mortgage rates, is at 3.66.

To display current mortgage rates on your website use our free today’s mortgage rates widget, also available as an easy to install wordpress plugin (for wordpress blogs only).


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"I was looking at a 4.375% with Wells Fargo, my local bank, before stumbling upon via a google search. They hooked me up with a longstanding savings and loan bank of which I closed on a 30 year fixed rate of 3.75% with. I'd recommend anybody looking at refinancing or buying a home give free rate a shot."

-Joe Klien, Detroit, MI