FHA Mortgage Rates: FHA, Conforming, Jumbo Loan Rates Steady
By: Ed Ferrara
July 26, 2010 (FreeRateUpdate.com) – FHA mortgage rates for the most part continue to mirror conforming mortgage interest rates. Today’s FHA 30-year fixed loan rate remains at 4.25% for well-qualified borrowers paying a standard .07 to 1 point origination. Although FHA mortgage rates are at the same level as conforming rates, FHA loan fees including MI make closing costs and APR higher, even at the same origination fee. The minimum down-payment required for most FHA purchase loans remains at 3.5%.
Today’s conforming 30-year fixed-rate is unchanged at 4.25%. Today’s conventional 15-yr fixed rate is 3.625%. Both conventional fixed mortgage rates are at all-time record lows.
Today’s jumbo 30-year fixed-rate is 5.125%, also unchanged.
Wells Fargo continues to advertise a conforming 30-year fixed-rate of 4.5% with an APR of 4.686 on their website.
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