Today’s Mortgage Rates Stable – 30-Year Fixed Mortgage Rate Today Still 4.875

Today’s 30 year fixed mortgage rates held steady once again just under 5 percent at par. The benchmark 10 year treasury yield, the best indicator for 30 year fixed mortgage rates, decreased slightly today to 3.4 down 0.0220 (-0.64%) overall. The yield has wavered the past few days since spiking up a week ago from 4 1/2 month lows. As a result mortgage rates have wavered as well. The 30 year fixed mortgage, at 4.875 percent at par, refuses to go above 5 percent with only borrowing costs changing slightly on a daily basis as a result RMBS price fluctuations too small to change interest rates but significant enough to change pricing (cost).

Today’s Mortgage Rates: 30-Years Fixed, 15-Years Fixed, 5/1 ARM

I don't think they'd finance this home. Today's mortgage rate STILL 4.875 percent, 30-years fixed.

FreeRateUpdate.com research of wholesale lender’s mortgage rates today shows 30 year fixed mortgagesavailable at 4.875 percent at par. Par rates are the lowest interest rates available without requiring additional points and fees. 15 year fixed mortgage rates today are as low as 4.375 percent at par. 5/1 ARM mortgage rates are as low as 3.875 percent at par.

• 30-Year Fixed-Rate: 4.875 percent at par*
• 15-Year Fixed-Rate: 4.375 percent at par*
• 5/1 ARM Rate: 3.875 percent at par*

*Par rates are the lowest interest rates available without the requirement of additional points and fees to be paid by the borrower.

Mortgage Rates Today and Home Affordability

Today’s 30 year fixed mortgage rate of 4.875 percent is historically low. A principal and interest payment on a mortgage of $300,000, amortized over 30 years at an interest rate of 4.875 percent is $1,587.62 per month.  Below is a chart showing the home affordability index through the years to present day as documented by the National Association of Realtors.

Home Affordability Index

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