Mortgage Rates
Mortgage Interest Rates: Mortgage Interest Rates Hover Above All Time Low
There were a few big announcements today including the one where the Treasury said they’ll hold a monster $118 billion dollar auction of 2, 5, and 7 year Treasuries next week sure to affect mortgage interest rates. Jobless claims fell as expected this week. The Dow dropped -93.87 (.90%) closing at 10,332.44. Prices of Mortgage Backed Securities of which mortgage interest rates move opposite are flat. The Fed purchased $16 billion in agency Mortgage Backed Securities this week in a continued effort to keep mortgage interest rates low and clear up cash to lend. Freddie Mac said today in their weekly mortgage rates survey that the conforming 30 year fixed interest rate averaged 4.83% Monday through Wednesday of this week, down from 4.91% last week. The benchmark 10 year treasury yield, used to forecast conforming mortgage rates, is down .017 (.051%) and at 3.349% at closing today. The benchmark yield was under 3.2% when 30 year fixed interest rates neared 4.5% about 2 months ago.
Today’s Mortgage Interest Rates
FreeRateUpdate.com researches wholesale mortgage lenders rate sheets to determine current interest rates. This is both the most accurate and unbiased way to determine rates. FreeRateUpdate.com research of wholesale lenders current interest rates shows no change today and no much for mortgage interest rates to go higher.
Current 30 Year Fixed Mortgage Interest Rate
The conforming 30 year fixed mortgage interest rate continues to hold at 4.625% at par. Only a handful of lender’s are offering this rate as the more prominent 30 year fixed interest rate available is 4.75%. Any significant improvement in the secondary mortgage market will drive the 30 year fixed rate to the magic number of 4.5. As mentioned above Freddie Mac reported the average 30 year fixed rate at 4.83% this week.
Other Current Interest Rates
The current 15 year fixed interest rate continues to hold at 4.25%. Closing costs are relatively low on this program due to pricing improvements this week affecting the money lenders are paid for delivering this rate. 5/1 ARM rates are at 3.75%, historically low. 5/1 ARM’s are not recommended for anyone staying in the loan for more than 5 years, or the home for that matter. The current 20 year fixed rate is 4.5%.
Mortgage Interest Rates Today: 30 Year Fixed 4.625% – FHA Mortgage Trainwreck? FHA Rates
Mortgage interest rates remain the same as prices of Mortgage Backed Securities are unchanged today. Data released today points to slightly higher inflation than expected. New housing starts are down to a record low level and that’s good for U.S. home values. The Dow is down 11 points and edging back up toward positive territory. The benchmark 10 year treasury yield, used to forecast conforming mortgage rates, is up .047 and at 3.37% as of 1:25 PM PST.
Current Mortgage Interest Rates
The most accurate way to determine current mortgage interest ratesis to study wholesale lender’s interest rate sheets. FreeRateUpdate.com research of wholesale mortgage lender’s current interest rates shows no change today. The current 30 year fixed interest rate is 4.625% at par. The current 20-year fixed rate is 4.5% at par. The current 15 year fixed interest rate is 4.25% at par. The current 5/1 ARM rateis 3.75% at par. Par rates are lowest rates without buy down points. Right now the secondary mortgage market is pretty stable and there’s not much of a chance of mortgage interest rates going up or down.
Current FHA Mortgage Rates – FHA Loans
Toll Brothers CEO Robert Toll said today that FHA lending could cause another crisis and compared it to a “definite train wreck”. Robert Toll is CEO of a builder and I’m not sure what he knows about mortgages but we disagree. Sure, FHA is lending with just 3% down on new homes. FHA requires income documentation to prove borrower’s debt to income ratios are acceptable. Most bad loans did not require income documentation! Today’s FHA 30 year fixed mortgage interest rate is 4.75% at par. Today’s FHA 15 year fixed mortgage interest rate is 4.25% at par. Today’s FHA 5/1 ARM rate is 3.875% at par. Across the board FHA mortgage rates are about 1/8% above conforming mortgages.
BREAKING: Mortgage Interest Rates – 30 Year Fixed Rate 4.625% – Mortgage Interest Rates Down
Just after we released a report saying 30 year fixed mortgage interest rates today are moving toward 4.625%, they did just that. Current interest rates are improved from this morning as mortgage lenders have began adjusting their rate sheets to reflect improvement in the mortgage rate market. Mortgage interest rates move opposite Mortgage Backed Securities which are up today.
Today’s Mortgage Interest Rates
The best way to determine accurate current interest rates is to study wholesale mortgage lender’s interest rate sheets. FreeRateUpdate.com research of wholesale lender’s current mortgage interest rates shows an improvement this afternoon.
Current 30 year Fixed Interest Rate
30 year fixed interest rates opened today at 4.75%. After the rise in MBS prices today resulting in lower mortgage rates the 30 year fixed interest rate has moved to 4.625%. As mentioned above this is the lowest interest rate for a 30 year fixed mortgage at par in over a month.
Other Current Interest Rates
Other current interest rates remain virtually unchanged. 15 year fixed mortgage rates are still as low as 4.25% at par. 5/1 ARM mortgage interest rates are still as low as 3.75% at par. Par rates are the lowest available interest rates that do not require additional points, also known as buy down or discount points, to be paid by the borrower to the lender.
The Catch – Current Interest Rates Likely Short Lived
Mortgage interest rates are at a low and at 4.625%. 30 year fixed mortgage interest rates this are sure to draw plenty of interest but will probably be short lived. Mortgage Backed Securities were up this morning and early this afternoon. Mortgage rates which move opposite MBS prices improved on this change. As we report that mortgage interest rates have reached 4.625% 30-years fixed, MBS prices are moving down and could drive rates back up an 1/8. Stay tuned.
Mortgage Interest Rates: No Change Today, Current Mortgage Rate at 4.75 Fixed for 30 Years
Mortgage interest rates are unmoved today. Prices of Residential Mortgage Backed Securities are up slightly despite a very weak demand at today's 10 year treasury bond auction. Mortgage interest rates move opposite RMBS prices. The 10 year treasury yield, the leading indicator for conforming mortgage rates, is down 0.0280 (0.81%) and at 3.45 as of 12:39 PM PST, it's lowest level in about a week.
Freddie Mac said today in their weekly mortgage rates survey results that the average conforming 30 year fixed mortgage interest rate Monday through Wednesday was 4.91 percent, down from last week's 4.98.
Zillow says the national 30 year fixed mortgage interest rate is 4.70 percent, down from almost 4.8 percent yesterday.
Today's Mortgage Interest Rates
The most accurate way to determine current interest rates is by taking a look at wholesale mortgage lender's rate sheets. FreeRateUpdate.com research of wholesale mortgage lender's current mortgage interest rates shows a slight improvement in pricing (closing costs) but no change in interest rates today. The current 30 year fixed mortgage interest rate is 4.75 percent at par. The current 15 year fixed mortgage interest rate is 4.25 percent at par. The current 5/1 ARM rate is 3.5 percent at par. Par rates are the lowest available interest rates that do not require additional points, also known as a buy down, to be paid by the borrower.
Today's FHA Mortgage Rates
FHA mortgage rates today are on average a 1/4 percent higher than conforming mortgage rates. While a handful of lenders are offering FHA mortgages, fixed for 30-years, as low as 4.75 percent, the average par rate for an FHA 30 year fixed mortgage is 5 percent. Major lenders like Wells Fargo and Ditech advertise 30 year fixed FHA mortgages at 5 percent.
Current Interest Rates: If Mortgage Interest Rates are Going to 5, it Will Not Happen Today
It's set to be a quiet day in the mortgage rate market as no major economic reports are to be released today. The biggest events this week affecting mortgage rates are treasury bond auction's by the Fed that start tomorrow and run through Thursday. High demand at bond auctions tends to lower mortgage interest rates. Low demand at bond auctions does the opposite pushing yields and mortgage interest rates up. Prices of Residential Mortgage Backed Securities are up slightly today. Mortgage Interest Rates which move opposite RMBS are pretty flat as the rise of price in the RMBS market is minimal. The benchmark 10 year treasury yield, used to forecast conforming interest rates, is down to 3.48 (-0.023) as of 9:56 AM PST.
Current Mortgage Interest Rates
FreeRateUpdate.com research of wholesale mortgage lender's current interest rates shows the following. The current conforming 30-year fixed interest rate is 4.875 percent at par. 30-year fixed-rates have been at 4.875 percent at par for almost a full month since rising a 1/4 point after nearing the 4.5 mark. Today's interest rates are stable so if the 30-year fixed-rate is poised to reach 5 percent it's not likely to do so today. The current 15-year fixed interest rate is 4.25 percent at par. It's wobbled between 
4.25 percent and 4.375 percent for a few months now. The current 5/1 ARM rate is 3.75 percent at par. The 5/1 ARM has remained under 4 percent for much of the second half of 2009. Interest rates were at a low this year in May when 30 year fixed mortgage rates averaged under 4.8 percent according to Freddie Mac.
- 30-year fixed interest rate = 4.875%
- 15-year fixed interest rate = 4.250%
- 5/1 ARM rate = 3.750%
30- year fixed Interest Rates this Week
Any major movement out of 30 year fixed interest rates is likely to come between Tuesday and Thursday. As mentioned above the Fed will hold treasury bond auctions and if demand is either high or low it could impact mortgage interest rates.
Current Mortgage Interest Rates Unvarying – 30-Yr Fixed Mortgage Interest Rate Currently 4.875
Current mortgage interest rates are unvarying today. The Dow is up just 10 points. Prices of Residential Mortgage Backed Securities of which mortgage interest rates move opposite are up slightly. The benchmark 10 year treasury yield, a leading indicator for current mortgage interest rates, is down slightly and at 3.52 percent as of 11:03 AM PST. The yield was below 3.2 percent weeks ago as mortgage interest rates approached 4.5 percent fixed for 30-years.
Affecting mortgage rates very marginally today was an announcement unemployment rose to 10.2 percent, it's highest level since 1983. Yesterday the Fed said they'll hold the key lending rate at or near zero for an extended period of time. The Fed rate does not directly affect conforming mortgage interest rates.
The Obama administration extended the $8,000 first-time homebuyer tax credit into April 2010. The bill includes a $6,500 tax credit for homebuyers who have previously owned a home. They also removed many of the income limitations on the program.
Current Mortgage Interest Rates
FreeRateUpdate.com research of wholesale mortgage lender's current interest rates shows interest rates unvarying. 30-year fixed-rate mortgages are available at 4.875 percent at par as of 11:11 AM PST. 20-year fixed-rate mortgages are available as low as 4.75 percent at par. 15-year fixed-rate mortgages are available as low as 4.25 percent at par. 5/1 ARM rates are as low as 3.75 percent at par. Par rates are lowest available interest rates that do not require additional points and fees.
- 30-year fixed-rate = 4.875
- 20-year fixed-rate = 4.750
- 15-year fixed-rate = 4.250
- 5/1 ARM rate = 3.750
Current Mortgage Rates: Current Mortgage Interest Rates Still Below 5, 30-Yrs Fixed, Ahead of FED Announcement
Current mortgage interest rates are flat as the market awaits the FED announcement about what they're going to do with the benchmark Fed rate at 2:15 EST. Prices of Residential Mortgage Backed Securities of which mortgage rates move opposite are down slightly for the 2nd day in a row. Mortgage interest rates, which had stabilized last Friday as a result of a big increase in RMBS prices, are now approaching levels where lender's could adjust 30 year fixed mortgage interest rates upward an 1/8 percent. The benchmark 10 year treasury yield, used to forecast conforming mortgage interest rates, is up again today 0.0370 (1.07%) and at 3.51 percent.
Current Interest Rates – FreeRateUpdate.com
.jpg)
FreeRateUpdate.com research of wholesale mortgage lender's current interest rates shows mortgage rates flat heading into the Fed announcement. Current 30 year fixed mortgage interest rates are 4.875 percent at par, where they've been for about 3 weeks. Current 15 year fixed mortgage interest rates are at 4.25 percent at par. Current 5/1 ARM mortgage interest rates are at 3.75 percent at par. Par rates are the lowest available interest rates available without the requirement by the lender for the borrower to pay additional points and fees known as a buy down.
- 30-year fixed-rate = 4.875%
- 20-year fixed-rate = 4.75%
- 15-year fixed-rate = 4.25%
- 5/1 ARM rate= 3.75%
National Average Mortgage Interest Rates
Bankrate says the national 30 year fixed average mortgage rate is 5.15 percent, down from last weeks 5.18 percent. Bankrate says the national average 15 year fixed mortgage rate is 4.59 percent and the national average 5/1 ARM rate is 4.21 percent.
Zillow says the national average 30 year fixed mortgage rate is 4.87 percent, up from 4.82 percent yesterday. Zillow says the national average 15 year fixed mortgage interest rate is 4.29 and the 5/1 ARM rate is 3.69.
Current Interest Rates: Today’s Mortgage Interest Rates Resolute Under 5
Mortgage Rates are resolute refusing to budge remaining at the same level they've been since a 1/4 percent rise nearly 3 weeks ago. Prices of Residential Mortgage Backed Securities of which mortgage interest rates move opposite were flat today. There was just 1 major economic report released this morning, factory orders, that came in just as expected. The benchmark 10 year treasury yield, a leading indicator for 30 year fixed mortgage interest rates, is up 0.06 (1.75%). The yield is at 3.49 as of 10:30 AM PST. The yield opened at 3.399.
Todays Mortgage Interest Rates – FreeRateUpdate.com
FreeRateUpdate.com research of wholesale lender's rate sheets shows mortgage rates unchanged from yesterday. Today's 30 year fixed mortgage rate is 4.875 percent at par. Today's 15 year fixed mortgage rate is 4.25 percent at par. Today's 5/1 ARM is at 3.875 percent at par. Today's 20 year fixed mortgage interest rate is at 4.75 percent at par. Par rates are the lowest available mortgage rate without the requirement by the lender for the borrower to pay additional points and fees.
Current National Average Mortgage Interest Rates
Zillow reports it's national average 30 year fixed mortgage rate at 4.81 percent, up from 4.77 percent yesterday. Bankrate reports it's national average 30 year fixed mortgage rate at 5.15 percent.
Mortgage Interest Rates Today Firm – Current 30-Yr Fixed Interest Rate 4.875
Prices of Residential Mortgage Backed Securities rose ever so slightly today and not enough to effect mortgage interest rates which move their opposite. The 10 year treasury yield, used to predict mortgage interest rates, is up today and at 3.42 as of 12:38 PM PST. The yield was as low as 3.39 today. Effecting the mortgage market today was a report that pending home sales were up an unexpected 6.1 percent, far higher than fore casted.
Current Mortgage Interest Rates
FreeRateUpdate.com research of wholesale mortgage lender's rate sheets shows the following mortgage interest rates as of 12:54 AM PST. The current 30 year fixed mortgage interest rate at par is 4.875 percent. It's been pretty flat for almost 3 weeks since hitting a 5 month low at 4.625 percent. The current 15 year fixed mortgage interest rate is 4.25 percent. The current 5/1 ARM interest rate is 3.75 percent.
Today's Mortgage Interest Rates as Reported by Zillow and Bankrate
Zillow reports a national average 30 year fixed rate of 4.78 percent as of 12:46 Pm PST. Zillow also said the following , " National mortgage rates on 30-year fixed mortgages remained stable at 4.77% on November 2, 2009, according to Zillow Mortgage Marketplace. As a comparison, state rates ranged from a low of 4.64% (DC) to a high of 5.14% (MO)".Bankrate.com reports mortgage interest ratesas follows, 30-year fixed-rate 5.16 percent, 15-year fixed-rate 4.6 percent, 5/1 ARM 4.26 percent. These Bankrate.com national averages tend be on the high end.
Current Mortgage Interest Rates: Today’s Mortgage Interest Rates Down 1/8.
The benchmark 10 year treasury yield, a reliable indicator for current mortgage interest rates, is at 3.33 down 0.0670 (1.97%) overall today. This downward rebound for the yield comes on the heals of sharp increase following a 4 1/2 month low just 2 weeks ago.
Today’s Mortgage Interest Rates
Current mortgage interest rates are down almost a .25 percent from this morning. 30 year fixed mortgage rates had remained at 4.875 percent at par for several days following an increase in the 10 year yield a week and a half ago. Today’s 30 year fixed mortgage interest rate is 4.75 percent at par. Par rates are the lowest available interest rates without the requirement of additional points and fees by the lender. Today’s 15 year fixed mortgage interest rate is at 4.25 percent, down from 4.375. Today’s 5/1 ARM mortgage interest rate is at 3.75 percent, down from 3.875 percent.
Current Interest Rates Forecast
Mortgage interest rates are down across the board about an 1/8 of a percent from this morning. A little bit more of a change in the secondary mortgage market, primarily the prices of residential mortgage backed securities, which move the opposite yields and rates, could drive mortgage rates down to 4.625 percent fixed for 30 years.
Mortgage Interest Rates as Reported by Zillow, Bankrate.
Bankrate.com reports mortgage interest rates as follows as of 12:03 PM PST.
Product Rate Last week
30 yr fixed 5.19% 4.99%
15 yr fixed 4.68% 4.63%
5/1 ARM 4.25% 4.06%
Zillow reports it’s national 30 year fixed mortgage rate currently averaging 4.74 percent down about a .25 percent from this morning. That’s a huge change.
