My Real Estate Blog

FreeRateUpdate.com research of wholesale lenders shows 30 year fixed mortgages are available today at 4.5% for well-qualified borrowers paying the industry standard 1 point origination. Today's 30 year fixed rate matches an all time record low, first set in December of last year.

FHA mortgage rates now mirror conforming mortgage rates across the board. While FHA mortgages have similar rates and origination, it should be noted APR closing costs are higher because of upfront mortgage insurance and other FHA fees.

Jumbo mortgage rates remain at an all time low. Today a well-qualified borrower can obtain a super jumbo 30 year fixed mortgage at an interest rate of 5.375%.

Wells Fargo, still the number one originator of residential mortgages in the US, is advertising a 30 year fixed rate of 4.875% with an APR of 5.065% on their website today.

Mortgage-backed securities prices have been helped in recent weeks by investors buying bonds trying to dodge stock losses. As these securities prices rise, mortgage rates, which move the opposite, decline.

Today's Mortgage Rates - available to well-qualified consumers paying a standard .07 to 1 point origination.

• 30-yr fixed-rate - 4.500%

• 15-yr fixed-rate - 4.000%

• 5/1 ARM rate - 3.500%

• FHA 30-yr fixed-rate - 4.500%

• FHA 15-yr fixed-rate - 4.00%

• FHA 5/1 ARM rate - 3.500%

• VA 30-yr fixed-rate - 4.625%

• Jumbo 30-yr fixed-rate - 5.375%

• Jumbo Conforming 30-yr fixed-rate - 4.750%