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

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.

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