Current Mortgage Rates: Current Mortgage Rates Solid at 4.5% ,30 Years Fixed

Following Wednesday’s remarkable move downward and turkey day yesterday, mortgage rates solidified at 4.5%, 30 years fixed. Prices of Residential Mortgage Backed Securities which move opposite current mortgage rates are up. The Dow is down over 154 points on Dubai debt concerns that sent investors fleeing to bonds. As a result the secondary mortgage rate market improved. It’s likely when banks open Monday morning 30 year fixed mortgage pricing will be excellent with 30 year fixed mortgage rates closer to 4.375% than 4.625% solid at 4.5%. The benchmark 10 year treasury yield, used to forecast conforming mortgage rates is down over 2% today and at 3.21%.

Current Mortgage Rates

FreeRateUpdate.com researches wholesale mortgage lender’s rate sheets to determine current mortgage rates. The current 30 year fixed rate is 4.5% with not much of a immediate risk to move up upward. The current 30 year fixed mortgage rate is at it’s lowest level ever. The current 15 year fixed mortgage rate is 4.125%, down from 4.25% where it stood for over a month. The current 5/1 ARM is at 3.5% down from the high 3’s where it’s been for much of the year. Mortgage rates overall at currently at record lows.

Current FHA Mortgage Rates

The current 30 year fixed FHA rate is 4.5%, the lowest the FHA 30 year fixed has ever been. Most banks are advertising 5% 30 year fixed rates for FHA loans despite 4.5% being available. We verified 4.5% available for FHA 30 year mortgages with multiple wholesale lenders.

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