Mortgage Rates 8/18: Mortgage Rates Flat Today
By: Ed Ferrara
August 18, 2010 (FreeRateUpdate.com) – Mortgage-backed securities prices, which move mortgage interest rates in the opposite direction, were down just a tad today -4/32, not enough to move fixed mortgage rates. As a result, 30-year fixed conforming and FHA mortgage rates today remain at 4% for well-qualified consumers with a 20% down payment who pay a standard .07 to 1 point origination. Today’s 30-year fixed mortgage rates were verified by FreeRateUpdate.com research of wholesale lenders’ interest rate sheets.
Current jumbo 30-year fixed mortgage rates remain at 5%. Jumbo loan rates, just as conforming and FHA loan rates, are at an all time low.
Wells Fargo mortgage rates are unchanged. Today’s Wells Fargo 30-year fixed rate remains at 4.5% with an APR of 4.686.
To display current FHA, Jumbo, and conforming fixed mortgage rates on your website or blog, use our today’s mortgage rates widget.