Following the dip in conforming mortgage interest rates earlier this week, FHA mortgage rates are even with conforming. The current 30-year fixed FHA loan rate is 4.75, the 15-year FHA loan rate 4.5, and 5/1 ARM FHA rates 3.625. Despite FHA loans often having lower note rates than conforming mortgages, APR (closing cost) is higher because of MI and other FHA fees.

The current jumbo 30-year fixed rate remains unchanged at 5.625. It’s speculated a recent private sale of jumbo mortgage securities signals that jumbo mortgage credit will be easier to get soon. We’ve yet to see it, but when it happens we’ll report it.

It’s possible mortgage interest rates slide lower. Mortgage-backed securities prices, which drive mortgage rates in the opposite direction are up +7/32.

To display current mortgage interest rates on your website or blog use our mortgage rates widget (link at top right of site).

30-yr fixed mortgage interest rates remain steady and available at 4.875% to well-qualified consumers paying a standard .07 to 1 point origination. 15-yr fixed mortgages rates are available at 4.25, unchanged. 5/1 ARM rates are available at 3.625, refusing to budge as well.

30-yr fixed FHA loan rates remain available at 4.75, slightly better than that of the conforming 30-yr. Despite the slightly lower rate closing costs and APR are higher. That’s because of MI and other FHA fees that conforming mortgages don’t have.

Jumbo mortgage rates, as has been the case for quite a while are steady. Jumbo 30-year fixed mortgage rates, for loans exceeding jumbo conforming loan limits, are available at 5.625%. Redwood Trust made the first sale of private securities, jumbos, in 2 years. It’s expected this is a sign the jumbo mortgage market is on it’s way to recovery.

FreeRateUpdate.com researches over 2 dozen wholesale lenders’ interest rate sheets for brokers on a daily basis to determine the most accurate mortgage interest rates available to well-qualified borrowers at a standard origination fee.

FHA mortgage rates are the same as levels throughout the week. 30-yr fixed FHA loans are available at 4.875%. MI and other FHA fees making obtaining FHA financing far more expensive. MI was boosted to 2.25 from 1.75 on the 5th of this month.

Jumbo mortgage rates are steady. There’s quite a lack of demand, and supply in the jumbo mortgage market as borrowers seem to be sitting still. At least the rates are good for those few daring to obtain new jumbo financing.

To display today’s mortgage interest rates on your website or blog use our free mortgage rates widget.

The benchmark 10-year treasury yield continues to hover around 4%, the highest level in a year.

Mortgage-backed securities, which drive mortgage rates in the opposite direction, are up on the week but down slightly today -1/32.

Looking for the lowest 30 year fixed mortgage rates? Search local mortgage rates.

FHA mortgage rates continue to be about the same as conforming a.k.a conventional mortgage rates. Today’s FHA 30 year fixed rate is also 4.75%. FHA loans are more expensive due to MI and other FHA fees.

Today’s jumbo 30 year fixed rate, for true jumbo loans exceeding conforming jumbo limits, is 5.625%. 5.5 is available to borrowers with a ton of equity in the home, or on a purchase a down-payment of over 40%.

Mortgage-backed securities prices, which drive mortgage rates in the opposite direction, are down slightly today – 1/32, but not enough to effect rates.

The benchmark 10 year treasury yield, used to forecast mortgage rates, is at 3.69.

To display today’s mortgage rates on your website or blog use our mortgage rates widget.

Looking for the lowest mortgage interest rates today? Search local mortgage interest rates.

FHA mortgage rates continue to mirror conforming mortgage interest rates with the exception of the 15 year fixed which is higher by 0.25% and at 4.5. FHA loans are more expensive despite the same interest rates at the same origination being available. This is because FHA loans come with MI and other fees charged by the FHA.

Jumbo mortgage interest rates remain at historic lows. The current jumbo 30 year fixed mortgage interest rate is 5.625%. Interest rates on true jumbo loans, exceeding conforming jumbo loan limits, are available as low as 5.5% for borrowers with extremely low LTV’s.

To display today’s mortgage interest rates on your website or blog use or free mortgage rates widget.

How do we determine the most accurate mortgage interest rates? Why are our interest rates important.

FreeRateUpdate.com researches over 2 dozen wholesale lenders’ mortgage interest rate sheets on a daily basis to determine the most accurate mortgage interest rates associated with a standard .07 to 1 point origination. These interest rates are well known in the mortgage industry as “par rates”. FreeRateUpdate.com’s interest rates are usually a 1/4 below national averages reported by Freddie Mac. Less savvy consumers often accept rates 1/4 percent higher than what they are well qualified for because they are not aware of the real mortgage interest rates available.

(FreeRateUpdate.com) – Rates for our lovable POV* Loan came out and 3 of my major Wholesale Lenders repriced for the better today. Which just reinforces the rest of this nugget o’ info.  If  you are shopping a loan JUMP on it now!  Conforming Rates at 4.75% with JUMBO Conforming at 4.875%.   True JUMBOS at 5.75%.   As always jokes, recipes and oh yeah, loan scenarios are welcome at lololoans@yahoo.com

Ok so which way is UP?I figure pretty gush darn soon there Cowboys and Cowgirrrlz. Reason being is twofold:   1)Coming soon to a meltdown near you,   YOUR U.S. Gov’t. will stop buying Mortgage Backed Securities.  Apparently the Government is out of money….but I digress.   This was all part of Economic Recovery Program number 38 and so far as been keeping interest rates low.  If I had to hazard a guess, I would bet that a) this program will stop in the next couple of months as scheduled and b) will result in Sputnik type rate increases and …2) Sheriff! Sheriff!! Come quick! Fannie Mae is bleeeedin’ to death!  The latest  earnings statement (and I use the term loosely) shows Fannie Mae with a 2009 Q4  net loss of 16.3 BILLION**.  And who, pray tell, is throwing the water wings keeping Fannie (and Freddie) afloat? Well it is you and I  Mr. and Mrs.  American Taxpayer.   Lacking the Economics wizardry of Ben Stein,   I cannot see how this could possibly go on at this rate.   If Fannie Flops, then the ripple effect to the Loan Market will make a Tsunami look like an ice cube dropped in a glass.

SURE this is bleak.  But better hearing it from me than in a dirty filthy back alley eh?

*POV = Plain, Old Vanilla Home Loan:  Par pricing, 30yr fixed rate fully amortized, Single Family Home, 20% equity minimum, slightly lower rates and fees for our newest San Francisco Broadcasting  Hall of Fame treasure Jon Miller!

** I can’t make this stuff up!

http://www.bloomberg.com/apps/news?pid=20601087&sid=alet_UTqF04M

30 year fixed mortgage interest rates for FHA and conforming mortgages remain solid at 4.75 with little to no risk of an immediate rise. It’s possible, with another improvement in MBS prices Monday, 30 year fixed rates dip to 4.625.

Looking for the lowest possible mortgage interest rates? Search Local Mortgage Rates Here.

The improvement in current mortgage rates comes from gains in MBS prices. Mortgage-backed securities, which drive mortgage interest rates in the opposite direction, are up +9/32. Economic data released today including GDP came in about as expected. Dissapointing Existing Home Sales helped MBS markets and mortgage rates.

The benchmark 10 year treasury, used by many to forecast mortgage rates, is down -0.05 and at 3.58, it’s lowest level of the week as of 11:44 AM PST.

To determine the most accurate mortgage rates possible, FreeRateUpdate.com does not rely on the popular method of collecting responses to a survey but instead researches wholesale mortgage lenders’ rate sheets. The rates we report are often referred to as par rates in the mortgage industry. A “par rate” is mortgage industry speak for the rate on any given day associated with about a point in origination. Our rates are typically 1/4 percent  below national averages reported by Freddie Mac and Bankrate.com. Many well qualified consumers accept rates higher than what they are well qualified for simply because they’re not aware what’s  available.

To display today’s mortgage rates on your website or blog use our free mortgage rates widget.

Looking for the lowest mortgage interest rates? Seach Local Mortgage Rates Here.

What it really comes down to is supply and demand. Banks have continued to originate mortgages at high volume in part thanks to the Fed’s willingness to purchase pools of the mortgages, even at a time when one might consider them too risky an investment. Thanks to the Fed, demand has remained relatively strong and banks who need to sell the mortgages in order to continue funding new mortgages have been able to do just that.

Mortgage-backed securities prices have remained strong thanks to Fed purchases that have kept demand strong. As a result mortgage rates which move the opposite MBS prices, have gone down and remained down. With the Fed out of the picture, who is going to step up and buy these securities? Who, especially right away, would want to? MBS will become quite the risky investment. Who is to say that gap isn’t filled and mortgage-backed securities plummet pushing mortgage rates up 1 full percentage point or more.

This is a possibily. That’s why the Fed has said in the last week, if something like this occurs they may enter back into the MBS marketplace.

Here’s a video discussing this. Click to play.

Looking for the lowest conforming 30 year fixed, FHA, and Jumbo mortgage mortgage rates? Search Local Mortgage Interest Rates Here.

The benchmark 10 year treasury yield, often used to forecast mortgage rates, is down -0.10 and at 3.69 as of 10:51 AM PST. MBS prices are up +12/32. The Dow is tumbling, almost down 100 points. Investors are moving out of stocks and into safer bets such as bonds helping MBS prices and mortgage rates.

To recap and also add a few bits of information,  our research of over 2 dozen wholesale lenders’ rate sheets shows the current conforming 30 year fixed rate at par is 4.750, down an 1/8. The current conforming 15 year fixed rate at par remains 4.25. The current conforming 5/1 ARM rate at par is 3.750, down an 1/8.

It should be noted that MI and FHA fees make FHA loans more costly despite origination being the same. The current FHA 30 year fixed rate at par is 4.750, down 1/8. The current FHA 15 year fixed rate at par is 4.50%, unchanged. The current FHA 5/1 ARM rate at par is 3.875%, also unchanged.

The current jumbo 30 year fixed rate at par is 5.75% With a low enough LTV (about 60%) 5.5 is obtainable.
The current jumbo conforming 30 year fixed rate at par is 5.125%.

To display current mortgage rates on your website or blog use our today’s mortgage rates widget.

Looking for the lowest mortgage rates? Search local mortgage rates here.

The current 30 year fixed interest rate associated with about 1 point in origination (par rate) is 4.875%. The current 15 year fixed rate is 4.25%. The current 5/1 ARM rate, up an 1/8 from the start of the week, is 3.875%.

Current FHA mortgage rates are also up today from yesterday. The current FHA 30 year fixed rate associated with about a point in origination (par rate) is 4.875%. The FHA 15 year fixed remains 4.5%, and the 5/1 ARM 3.875%.

Current jumbo mortgage rates are down slightly from recent. The current jumbo 30 year fixed rate is 5.75%, but with a low enough LTV (around 60%) 5.5% is obtainable. Because 5.5% requires such an extremely low LTV, 5.75% is our jumbo 30 year fixed rate. We’re just informing you of your options.

FreeRateUpdate.com researches over 2 dozen wholesale lenders’ rate sheets on a daily basis and reports mortgage rates associated with about 1 point origination (par rates). Par rates are typically about 1/4% below the Freddie Mac national average. Consumers often accept rates much higher than what the are well qualified for because they are unaware lower mortgage rates are available.

To display today’s mortgage interest rates on your website or blog use our free mortgage rates widget.