Mortgage Rates 9/1: Current Mortgage Rates Wobbly, Back Down
By: Ed Ferrara
September 1, 2010 (FreeRateUpdate.com) – Current mortgage rates are wobbly and dropped an 1/8 today. 30-year fixed mortgage rates are back to 4%, a record low, for borrowers paying a standard .07 to 1 point origination. 15-year fixed mortgage rates today are at 3.625%, also a record low.
FHA mortgage rates are still similar to conforming mortgage interest rates and the FHA 30-year fixed loan rate today is 4%, identical to today’s conforming 30-year fixed mortgage rate. FHA mortgages come with higher fees than conforming mortgages, in particular because of MI, charged as 2.25% of the loan amount at closing, though there’s also other FHA fees.
Jumbo mortgage rates are steady with the jumbo 30-year fixed loan rate today at 5.125%.
Wells Fargo mortgage rates today are unchanged. Wells Fargo’s 30-year fixed interest rate today is 4.375% with an APR of 4.559 as advertised on Wells Fargo’s website.
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