Today’s Mortgage Rates: Current 30 Year Fixed Mortgage Interest Rate at 4.75 Percent for Conforming and FHA mortgages – FreeRateUpdate.com
Fullerton, CA (PRWEB) December 10, 2009
Current mortgage rates are up a tad since rising about an 1/8% yesterday. Prices of Residential Mortgage Backed Securities, which drive mortgage rates in the opposite direction, were down slightly yesterday. Last Monday we verified 4.5% 30 year fixed mortgage rates with multiple wholesale lenders. Today’s mortgage rates are stable under 5% and about a 1/4% above the all time record lows set last Monday. The benchmark 10 year treasury yield, a leading indicator for current mortgage rates, was up .0310 (0.91% overall) and at 3.42 at close yesterday.
FreeRateUpdate.com research of wholesale lender’s rate sheets shows today’s mortgage rates are up a bit from earlier in the week. Today’s conforming 30 year fixed rate is 4.75%, up from 4.625%. Last Monday the conforming 30 year fixed mortgage rate touched 4.5% and was very near 4.375% but then shot up almost 1/2% over several days. Today’s 15 year fixed rate is 4.25%, where it’s been most of the past 2 months. 15 year fixed mortgage rates have been as low as 4.125% in the past week. Today’s 5/1 ARM rate is 3.75%, up from 3.5% a week ago.
Today’s FHA mortgage rates are just above record lows and mirror the interest rates of conforming mortgages. Today’s FHA 30 year fixed rate is 4.75%, up from last week’s record low of 4.5%.
Today’s jumbo mortgage rates are also up from earlier in the week. Today’s 30 year fixed jumbo mortgage rate is 5.875%, up from 5.75%. 30 year fixed jumbo mortgage rates were as low as 5.625% last week.
Want to provide today’s mortgage rates on your website or blog? Get our free mortgage rate widget.
Other notes: We recently reviewed the top mortgage net branches and found Supreme Lending to be in a class of their own. Check out this excellent mortgage net branch opportunity.
###
©Copyright 1997-
, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.
This is a smart blog. I mean it. You have so much knowledge about this issue, and so much passion. You also know how to make people rally behind it, obviously from the responses. Youve got a design here thats not too flashy, but makes a statement as big as what youre saying. Great job, indeed.