Current Mortgage Rates 6/16: 15-Yr Fixed Rate Still at 3.875, on Edge
By: Ed Ferrara
June 16, 2010 (FreeRateUpdate.com) 30-year fixed mortgage rates are steady at 4.375% for well-qualified borrowers paying a standard 1 point origination. 15-yr fixed rates, also steady, are at 3.875% still. As we’ve been saying for a few weeks now, fixed mortgage rates have never been this low.
FHA mortgage rates are still the same as conforming. MI and other FHA fees make FHA loans more expensive.
The current jumbo 30-yr fixed rate is holding at 5.375%.
Wells Fargo made no change to their advertised 30-yr fixed rate, which according to their website is 4.75% with a 4.939 APR.
Mortgage rates are at risk rise, we’re just on the edge of higher rates.
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