My Real Estate Blog

September 22nd, 2010 7:06 AM

Mortgage-backed securities prices, which drive mortgage interest rates in the opposite direction, continue to perform well even as the economy officially pulls out of the recession. As a result, 30-year fixed mortgage rates remain near all time record lows, at 4.125% for well-qualified consumers with a 20% down payment who pay 1 point origination.

FHA loan rates continue to match conforming mortgage rates for the most part. Today's 30-year fixed FHA loan rate is 4.125% for well-qualified borrowers, the same as today's conforming 30-year fixed rate.

Jumbo mortgage rates are unchanged and haven't budged in weeks. Today's 30-year fixed jumbo loan rate is 5.125%

Wells Fargo, the nation's number one originator of conventional mortgages today, is advertising a 30-year fixed rate of 4.375%, with an APR of 4.559%, on their website.

Posted by Jim McCowan on September 22nd, 2010 7:06 AMPost a Comment (0)
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