My Real Estate Blog

July 21st, 2010 12:46 PM

Uncertainty in the global economy has kept mortgage rates at record lows for over a month. This week mortgage-backed securities prices, which drive mortgage rates their opposite, have again posted gains as investors continue to favor safer bets, helping mortgage rates.

30-year fixed mortgage rates remain at 4.25% for well-qualified consumers willing to pay 1 point origination. 15-year fixed mortgage rates are at 3.625%.

FHA mortgage rates mirror those of conforming mortgages for the most part. Today's FHA 30-year fixed-rate is solid at 4.25% with low risk of a sudden jump. 

30-year fixed jumbo mortgage rates are all the way down to 5.125%, after being in the high 5's for most of the first half of 2010.

Wells Fargo is advertising a 30-year fixed-rate of 4.5% on their website, down from last week.

Posted by Jim McCowan on July 21st, 2010 12:46 PMPost a Comment (0)
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