January 31, 2011 (FreeRateUpdate.com) – Today's Montana mortgage interest rates remain consistent as investors are waiting to see what affect the disturbances in Egypt will have on oil and other markets around the world.
Current Montana 30 year fixed rate mortgages are at 4.625% and 3.875% for Montana 15 year fixed rate mortgages. Montana 5/1 adjustable rate mortgages are at 3.125%. These Montana mortgage loan rates are available with 0.7 to 1% origination fee to Montana residents who have maintained good credit and can meet lender guidelines.
Today's Montana FHA 30 year fixed rate mortgages are at 4.500% and 4.000% for Montana FHA 15 year fixed rate mortgages. Montana 5/1 adjustable rate mortgages are at 3.125%. Montana FHA mortgage loans require a low down payment making them popular with Montana borrowers even though Montana FHA closing costs (APR) are higher due to various Montana FHA fees and the upfront mortgage insurance premium due at closing.
Current Montana 30 year fixed jumbo mortgage loans are at 5.375% and 4.750% for Montana 15 year fixed jumbo mortgage loans. Montana 5/1 adjustable rate mortgages are at 3.750%. Available with 0.7 to 1% origination point, Montana jumbo mortgage loans are available to high end Montana borrowers who have maintained excellent credit.
MBS prices (mortgage backed securities) affect Montana mortgage rates which move in the opposite direction. Today's MBS prices are down -1/32 (FNMA 30 yr 4.5 at 102.10). Investors are cautiously watching the disruption in Egypt to see if it affects the oil market, shipping and other worldwide markets.
Montana's housing market continues to improve this year and is expected to see further growth as unemployment has been stabilizing. It is still a good time for Montana residents to take advantage of low Montana mortgage loan rates when purchasing a home or refinancing an existing Montana mortgage loan.
FreeRateUpdate.com surveys more than two dozen wholesale and direct lenders' rate sheets to determine the most accurate mortgage rates available to well qualified consumers at a standard .07 to 1 point origination.
Montana Mortgage Rates
Current Montana 30 year fixed jumbo mortgage loans are at 5.375% and 4.750% for Montana 15 year fixed jumbo mortgage loans. Montana 5/1 adjustable rate mortgages are at 3.750%. Available with 0.7 to 1% origination point, Montana jumbo mortgage loans are available to high end Montana borrowers who have maintained excellent credit.
MBS prices (mortgage backed securities) affect Montana mortgage rates which move in the opposite direction. Today's MBS prices are down -1/32 (FNMA 30 yr 4.5 at 102.10). Investors are cautiously watching the disruption in Egypt to see if it affects the oil market, shipping and other worldwide markets.
Montana's housing market continues to improve this year and is expected to see further growth as unemployment has been stabilizing. It is still a good time for Montana residents to take advantage of low Montana mortgage loan rates when purchasing a home or refinancing an existing Montana mortgage loan.
FreeRateUpdate.com surveys more than two dozen wholesale and direct lenders' rate sheets to determine the most accurate mortgage rates available to well qualified consumers at a standard .07 to 1 point origination.
Montana Mortgage Rates