FHA 30 year fixed rates continue to mirror those of standard (conforming Freddie Mac FRE and Fannie Mae FNM insured) mortgages, with the exception of the 15 year fixed FHA rate which is slightly higher at 4.5.

Jumbo 30 year fixed rates, for true jumbo mortgages exceeding jumbo conforming loan amounts, are at 5.625. 30 year fixed loans falling within conforming jumbo limits, which vary for each county depending on median home prices, are available fixed for 30 years at 4.875%. 

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

Mortgage-backed securities prices, which drive mortgage rates in the opposite direction are up today, +7/32 (FNMA 30-yr 4.5 at 101.12). As a result mortgage rates have stabilized further at current levels. The benchmark 10 year treasury yield, used to forecast mortgage rates, is at 3.69, down -0.01.

FreeRateUpdate.com researches over 2 dozen wholesale lenders’ rate sheets on a daily basis. Rates in this article are verified as being available to well-qualified consumers today at .07 to 1 point origination, considered standard. These rates are referred to in the mortgage industry as “par rates”.

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

Looking for the lowest mortgage rates? Click here to search local mortgage rates.

FHA mortgage rates, also flat, continue to mirror rates of conforming mortgages. It should be noted that FHA loans come with much higher costs due to MI and FHA fees not associated with a standard Freddie (FRE) or Fannie Mae (FNM) insured mortgage. Also the FHA 15 year fixed rate is a 1/4 higher than the conforming rate and at 4.5%.

Jumbo mortgage rates, though not moved by the same MBS prices as conforming and FHA loans, remain steady as well. The current jumbo 30 year fixed rate remains 5.625 with a few lenders’ like Wells Fargo offering 5.5 for borrowers with extremely low LTV’s.

Mortgage-backed securities prices, which move mortgage rates their opposite, are flat today.

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

FHA mortgage rates continue to be nearly the same as conforming mortgage rates. FHA 30 year fixed loans can be obtained at 4.75 with about a point origination today. The big difference though is in closing costs. MI and other FHA fees make FHA loans far more expensive.

Nothing new with 30 year fixed jumbo rates which remain at 5.625. 5.5 is available to borrowers with an extremely low loan to value, under 60% LTV.

Looking for the lowest mortgage rates today? Click here to search local mortgage rates.

Mortgage-backed securities, which drive mortgage rates in the opposite direction, are unchanged today. The benchmark 10 year treasury yield, used to forecast 30 year mortgage rates, is up +0.03 and at 3.71 as of 12:16 PM PST.

FreeRateUpdate.com researches over 2 dozen wholesale mortgage lenders’ rate sheets to determine the most accurate mortgage rates. These rates are usually 1/4 below reported national averages, available to well-qualified consumers at a standard .07 to 1 point origination, and are commonly referred to in the mortgage industry as “par rates”.

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

Other mortgage rates include the 15 year fixed rate, at 4.25%, and the 5/1 ARM at 3.625%.

The current jumbo 30 year fixed rate remains 5.625, with 5.5 available to consumers with a loan to value of 60% or less. That means on a purchase loan you’d have to put at least 40% down to get the better rate.

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

Current mortgage rates are un-stable thanks to a size-able decline in mortgage-backed securities prices Friday. MBS prices move mortgage rates in the opposite direction. On Friday, MBS prices dipped as much as -14/32 (FNMA 30-yr 4.5 at 101.00), before ending the day down -8/32.

FreeRateUpdate.com researches over 2 dozen wholesale lenders’ on a daily basis to determine the most accurate mortgage rates. The mortgage rates in this article are verified available today for well-qualified consumers with .07 to 1 point origination. The rates discussed are well known in the mortgage industry as “par rates”.

To display current mortgage rates on your website or blog use our free mortgage rates widget.

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

Current FHA mortgage rates remain nearly the same as interest rates for conforming a.k.a. standard 30 year fixed mortgages. The exception is the FHA 15 year fixed fixed rate, which is 1/4 higher and at 4.5%.

Current jumbo mortgage rates are steady with the jumbo 30 year fixed rate holding at 5.625. 5.5 is available for borrowers with an extremely low LTV, 60 percent loan to value or less.

Though 30 year fixed mortgage rates have held steady all week, current 30 year fixed mortgage rates are at risk to rise. Following a substantial decline in mortgage-backed securities prices, which move mortgage rates on the opposite direction, this morning -14/32 (FNMA 30-yr 4.5 at 101.00), the risk factor for mortgage rates rising at any moment shot up.

FreeRateUpdate.com researches over 2 dozen wholesale lenders’ rate sheets to determine the most accurate mortgage rates. The mortgage rates we report are verified to be available with about 1 point origination for well-qualified consumers.

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

(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

The benchmark 10 year treasury yield, used by some to forecast mortgage rates, is at 3.6 down -0.01 on the day. The yield dipped below 3.2 when 30 year mortgage rates were verified at 4.5%, an all time record low.

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

Jumbo mortgage rates, for true jumbo loans exceeding conforming jumbo limits, are at 5.625 30 years fixed. 5.5 is available to consumers with extremely low loan to value ratios.

FHA mortgage rates are nearly identical to conforming rates. FHA loans come with significantly higher fees, mostly from up front costs charged by FHA. MI is associated with all FHA loans as well. MI is an up front fee charged as a percentage of the amount financed and will be increased to 2.25% of the loan amount of April 5th of this year.

To determine the most accurate mortgage rates FreeRateUpdate.com researches over 2 dozen wholesale lenders’ rate sheets on a daily basis. All mortgage rates reported in this article are available to well qualified consumers at the standard .07 to 1 point origination.

To display current mortgage rates on your website or blog use our free mortgage rates widget.

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

Today’s Mortgage Rates According to FreeRateUpdate.com Research of Wholesale Mortgage Lenders’ Rate Sheets

30 year fixed mortgage rates today are at 4.75, for both conforming (standard Freddie MAC FRE and Fannie Mae FNM insured) and FHA (Federal Housing Administration) mortgages. Though conforming and FHA mortgages can be obtained at the same rate with about 1 point origination, FHA loans are far more expensive due to MI and other FHA mandated fees.

5/1 ARM rates are extremely low and also the same for conforming and FHA loans, at 3.625.

Today’s jumbo 30 year fixed rate, for jumbo mortgages exceeding the “jumbo conforming” limits (true jumbo a.k.a. super jumbo), is 5.625. Jumbo 30 year fixed mortgages can be obtained at a slightly better rate of 5.5 by borrowers with an extremely low LTV.

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

The rates reported in this article are available to well-qualified consumers with about 1 point origination as verified by FreeRateUpdate.com research of over 2 dozen wholesale lenders’ rate sheets. These rates are well known in the mortgage industry as “par rates” and are typically 1/4 percent below national averages.

The Fed’s Beige Book revealed a ‘modest’ improvement in the economy in 9 of 12 regions. The data’s effect on mortgage rates was limited. Mortgage-backed securities prices, which drive mortgage rates in the opposite direction, are up +5/32 (FNMA 30-yr 4.5 at 101.08). As a result of the gain in MBS prices it’s possible lenders’ will re-price favorably this afternoon. That means whatever it may have cost yesterday to secure a 4.75% 30 year fixed mortgage, it’s likely to be a little less today. 

The benchmark 10 year treasury yield, a leading indicator used to forecast mortgage rates, is at 3.61, up +0.01 on the day. The yield dipped below 3.2 when 30 year fixed mortgage rates reached 4.5% late last year.

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

The current conforming 30 year fixed rate, as stated above, remains 4.75% down from early last week. The current conforming 15 year fixed rate is 4.25%. The current conforming 5/1 ARM rate is 3.625%, down an 1/8 from early last week.

Current FHA mortgage rates the same as current conforming mortgage rates with the exception of the FHA 15 year fixed, which is at 4.5%. FHA loans come with MI and other FHA fees which make them far more expensive despite origination (points) being the same.

FreeRateUpdate.com researches over 2 dozen wholesale lenders’ rate sheets to determine the most accurate mortgage rates. All mortgage rates mentioned in this article are available to well-qualified borrowers with about 1 point origination.

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

You can spend a lifetime basking in the glory of hard line car loan negotiations that lead to lower rates. “They lost money on that deal,” my father tells me.

If just dad knew what rate exactly was available at that certain price before the 5 hour stand off. Without re-counting the the dramatic walk off the lot at which point the true interest rate he knew was there the whole time was revealed, we could talk about the finer things in life. Possibly discuss last nights Olympic curling match?

Not everybody thinks of shopping for a car, or a home loan for that matter, a sport.

Unfortunately, over the past few years mortgage lenders, brokers, and retail banks have taken advantage of trusting, and sometimes less savvy consumers. Despite reforms to prevent shady lending practices, lenders, banks and brokers often dish out rates much higher than what’s available to accepting consumers in order to make bigger profits. This is a fact.

Did you know the government recently considered making any mortgage rate that pays a “yield spread premium”, a higher rate which basically pays a kick back to the originator, illegal.

Fact is, partly in thanks to national averages reported by Freddie Mac, many consumers accept rates at least 1/4 percent higher than what they are well qualified for, adding to the originators already hefty profit.

You know who profits from these higher rates the most? If you answered mortgage behemoth Freddie Mac, you are correct. Wait, who reports national averages again?

To help stop this from happening by making the real mortgage rates available to the public, in May of 2008, FreeRateUpdate.com was established.

FreeRateUpdate.com researches over 2 dozen wholesale mortgage lenders’ rate sheets daily and reports mortgage rates associated with a standard .07 to 1 point origination. These rates are well known in the mortgage industry as “par rates”.

FreeRateUpdate.com’s mortgage rates are usually at least 1/4 percent below the national average reported by Freddie Mac. FreeRateUpdate.com’s mortgage rates, not national averages, are what consumers should shoot for.