LOS ANGELES, CA — Feb. 11 (FreeRateUpdate.com) – Today’s mortgage rates are just hangin’ on. Mortgage-backed securities prices are unchanged (FNMA 30-yr 4.5 at 100.20), but down still from earlier yesterday. The decline in MBS prices, of which mortgage rates move opposite, hasn’t been enough to change mortgage rates but has effected 
pricing for the worse. Pricing has worsened pushing closing costs up a bit today compared to yesterday at the same time. There’s no major economic data set to be released from here out today and we expect mortgage rates to hold at current levels. The benchmark 10 year treasury yield, often used to forecast mortgage rates, is up +0.05 and at 3.73 as of 8:52 AM PST, it’s highest level in recent weeks.
FreeRateUpdate.com researches over 2 dozen wholesale lender’s rate sheets on daily basis and reports current mortgage rates at par. Par rates, typically a 1/4 percent below national averages, are what qualified consumers should be trying to lock in on any given day. If you’re well qualified, and you close on a refinance or purchase home loan at a “national average” rate, you havent gotten the best deal. That being said, let’s talk today’s mortgage rates at par.
The current conforming 30 year fixed rate at par is 4.75%, unchanged for the week but at an immediate risk to go up. The current 15 year fixed rate at par is 4.25%, it’s unlikely to change. The current conforming 5/1 ARM rate is 3.75%, and also at risk to go up today.
Current FHA mortgage rates mirror conforming mortgage rates at the moment with the exception of the 15 year fixed rate which at par is 4.5%.
The current jumbo 30 year fixed rate is 5.75%, unchanged.
To display today’s mortgage rates on your website or blog use our free mortgage rates widget which is also available as a wordpress plugin.