LOS ANGELES, CA — Feb. 16 (FreeRateUpdate.com) - Mortgage-backed securities prices, which move mortgage rates in the opposite direction, are down just a tad this morning -2/32 (FNMA 30-yr 4.5 at 100.28). This small decline is not enough to move mortgage rates and with no more major economic data to be released today it’s highly unlikely mortgage rates change. The Dow is up over 100 points, so it is possible we see changes for the worse in pricing, which 
effects closing costs on mortgages, as investors move to the stock markets for profits and out of bonds. The benchmark 10 year treasury yield, used to forecast mortgage rates, is at 3.71 as of 8:43 AM PST, up +0.02.
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Current Mortgage Rates at Par Conforming, FHA, and Jumbo Mortgages:
FreeRateUpdate.com researches wholesale lender’s rate sheets and reports on mortgage rates at par everyday. A par rate is what a qualified borrower should shoot for on any given day. Par rates include the standard .7 to 1 point in origination and other standard fees.
The current conforming 30 year fixed rate at par is 4.75%, where it’s been now for weeks. The current conforming 15 year fixed rate remains 4.25%, where it’s been for months. The current conforming 5/1 ARM rate, which has bounced around a bit the past few months, is at 3.75%.
Current FHA mortgage rates remain identical to conforming mortgage rates except for the FHA 15 year fixed rate, which remains 4.5%.
The current jumbo 30 year fixed rate remains at 3.75%.
To display the current conforming, FHA, and Jumbo 30 year fixed rate on your website or blog use our free mortgage rates widget.