My Real Estate Blog

Conventional 30-year fixed mortgages remain available at 4.375% for well-qualified consumers paying a standard origination fee of about 1 point. 15-year fixed mortgages remain available at 3.875%.

It's not just conforming mortgage rates that are low, FHA mortgage rates continue to mirror those of conforming mortgages. Today's 30-year fixed FHA loan rate is also 4.375%. FHA loans have been most popular among home-buyers with an attractive minimum down-payment of just 3.5%.  30-year fixed jumbo loans are available today at 5.375%.

Wells Fargo, the #1 volume originator of new mortgages, was advertising on their website yesterday a 30-year fixed-rate of 4.75% with an APR of 4.939. Wells Fargo mortgage rates are unchanged this week.

Posted by Jim McCowan on June 17th, 2010 8:06 AMPost a Comment (0)
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