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The 10 year yield, used to forecast current mortgage rates, was flat today closing at 3.42 percent. Current mortgage rates which tend to follow the 10 year yield were flat as a result. Freddie Mac said today in their weekly mortgage rates survey that 30 year fixed mortgage rates averaged 5 percent this Monday through Wednesday.
Current Mortgage Rates
According to FreeRateUpdate.com research of wholesale lender’s current mortgage rates30 year fixed mortgage rates are as low as 4.875 percent at par. Par rates are the lowest available interest rates without the requirement by the lender for the borrower to pay additional points. Current 15 year fixed mortgage rates are as low as 4.25 percent at par. Current 5/1 ARM mortgage rates are as low as 3.875 percent.
- 30-year fixed-rate = 4.875%
- 20-year fixed-rate= 4.75%
- 15-year fixed-rate= 4.25%
- 5/1 ARM rate= 3.875%
Current Mortgage Rates Flat Since Move Up
A week and a half ago mortgage rates seemed to be approaching 4.5 percent fixed for 30 years. Current mortgage rates are unchanged from the Friday before last when 30 year fixed mortgage rates jumped from 4.625 percent to 4.875 percent in a matter of hours. Until the price of residential mortgage backed securities changes substantially mortgage rates which move opposite mortgage backed securities will see marginal changes. It’s likely mortgage rates waiver between 4.75 and 5 percent for the rest of the week.
About the Author. Bruno, a former painter, entered the mortgage business during the boom working as a loan officer for a Mortgage Banker based out of Texas. Bruno, a TIC (top industry closer) developed a reputation as a closer in the office starting with his "Walker file". He retired from origination in 07' to study the seconday market. 
