FHA Loan Rates Hold, Dow Up Over 200 Pts, FHA 30 Yr Fixed Mortgage Rate at 4.75
By: Sheldon Levene
Feb. 9 (FreeRateUpdate.com) – FHA mortgage rates continue to hold on a big day for the stock market. The Dow is now up over 200 points and climbing. Typically both conforming and FHA mortgage rates suffer on days the market 
posts big gains. This happens because bonds on those days are unpopular and the low demand effects price. Mortgage rates move the opposite bond prices. FHA mortgage rates are historically low and for the past month or so have been toe to toe with conforming mortgage rates when it comes to the 30 year fixed. FHA mortgage rates hit an all time record low late last year when the FHA 30 year fixed rate at par was confirmed with several lenders at 4.5%. 4.5% is considered the target rate for the government when they began buying MBS. Their purchasing of MBS is set to expire in March. MBS prices are down slightly today but not enough to effect mortgage rates.
NEW: Search Local FHA Mortgage Rates
FHA mortgage rates at par differ from national averages which are based on conforming mortgage rates and average mortgage rates. A par rate is what any qualified yet savvy consumer can expect to recieve on a mortgage any given day with about 1 point origination.
FHA Mortgage Rates Today at Par:
Today’s FHA 30 year fixed rate at par is 4.75%, unchanged. Today’s 15 year fixed FHA rate at par is 4.5%, 1/4% higher than the conforming rate. Today’s FHA 5/1 ARM rate is 3.75%.
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