My Real Estate Blog

The 30-yr fixed mortgage rates continue to hold at a record low 4.375% for well-qualified borrowers paying a standard .07 to 1 point origination. 15-yr fixed mortgage rates have dipped once again, setting a new record low, at 3.75%, down from 3.875.

FHA mortgage rates are now a tad lower than conforming mortgage rates. 30-yr fixed FHA loan rates are at 4.25%. 

Jumbo mortgage rates are unchanged. Today’s jumbo 30-yr fixed-rate is 5.375%.

Wells Fargo continues to advertise a 30-yr fixed-rate of 4.75% on their website, with an APR of 4.939.

Mortgage-backed securities prices, which drive mortgage rates in the opposite direction, are up early this week cementing rates at the current record low.

Posted by Jim McCowan on June 23rd, 2010 7:30 AMPost a Comment (0)
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