Refinance Mortgage Rates 10-20: Home Mortgage Rates Hold

By: Ed Ferrara | October 20, 2010 at 9:03 am

October 20, 2010– Home mortgage refinance rates are holding at all time lows this week. Current 30 year fixed mortgage rates remain at 3.875% for well-qualified consumers who pay a standard .07 to 1 point origination. 15 year fixed home mortgage rates are sticking at 3.375%. Both conforming fixed mortgage interest rates today are down 1/8 from 2 weeks ago.

FHA mortgage rates, which are moved by the same mortgage-backed securities prices as conforming mortgage rates, are also unchanged and at record lows. Today’s 30 year fixed FHA loan rate is 3.875%, the same as today’s conforming 30 year fixed rate; however, MI and other FHA fees make closing costs on FHA loans higher than that of a conforming loan, even at the same origination and note rate.

Jumbo mortgage rates are unwavering of late. Today’s 30 year fixed jumbo loan rate remains at 4.875%.

Mortgage refinance applications are down despite the lowest mortgage refinance rates ever currently available.

FreeRateUpdate.com researches over 2 dozen wholesale and direct lenders’ rate sheets daily to determine the most accurate mortgage rates available to well-qualified borrowers who pay a standard origination fee.

Mortgage-backed securities prices, which drive home loan rates in the opposite direction, are unchanged today  (FNMA 30-yr 3.5 at 101.09) making it unlikely any shift in interest rates will occur today.

Current Mortgage Rates 10-13-10: 30 Year Mortgage Rates Hold at 3.875%

By: Ed Ferrara | October 13, 2010 at 4:14 pm

October 13, 2010 – 30 year fixed mortgage rates held today at 3.875% for well-qualified borrowers who pay about 1 point origination. 15 year fixed mortgage rates today held at 3.375%. Both fixed mortgage rates dipped 1/8 to new record lows this week. 5/1 ARM mortgage interest rates are at 2.875%.

FHA mortgage rates, which are driven by the same bonds as conforming mortgage rates, are also steady at all time lows. Today’s FHA 30 year fixed loan rate is 3.875%, the same as today’s conforming 30 year fixed mortgage rate.  MI and FHA fees make closing costs on an FHA loan higher than that of a conforming loan even at the same note rate and origination.

Jumbo mortgage rates are unchanged and at 4.875% 30 years fixed.

FreeRateUpdate.com researches over 2 dozen wholesale and direct lenders’ rate sheets to verify rates available to well-qualified borrowers who pay a standard origination fee.

Mortgage-backed securities prices, which drive conventional and conforming mortgage rates their opposite, are up today +7/32 (FNMA 30-yr 4.0 at 103.12). As a result it’s possible mortgage rates could improve, or at least further stabilize. There’s little to no risk of an immediate rise in mortgage rates.

Mortgage Rates Today 10/12: 30 Year Fixed Rate to New Low 3.875% and Stable

By: Ed Ferrara | October 12, 2010 at 10:22 am

October 12, 2010  – 30 year fixed mortgage rates today are stable at a new record low 3.875% for well-qualified borrowers who pay about 1 point origination. Current 15 year fixed mortgage rates are also at a new record low 3.375%. Both conventional fixed mortgage rates are down 1/8 from last week’s levels. Conforming 5/1 ARM mortgage rates are at 2.875%.

FHA mortgage rates, which are moved by the same bonds as conforming rates, continue to mirror conforming mortgage interest rates. Today’s 30 year fixed FHA loan rate is 3.875%, the same as today’s conforming 30 year fixed rate; however, FHA fees drive up closing costs even at the same note rate and origination. FHA continues to offer a minimum down payment of just 3.5%.

Current jumbo mortgage rates are steady, unchanged from last week. Today’s jumbo 30 year fixed mortgage rate is 4.875%. Jumbo conforming 30 year fixed mortgages can be obtained at rates as low as 4.125%, 30 years fixed.

FreeRateUpdate.com researches over 2 dozen wholesale and direct lenders’ rate sheets to determine the most accurate mortgage rates available to consumers who pay a standard origination fee of .07 to 1 point.

Mortgage-backed securities prices, which drive mortgage rates in the opposite direction, are up +5/23, stabilizing current mortgage rates are their new record lows.

Mortgage Rates 10/6: Mortgage Rates May Finally Dip Today

By: Ed Ferrara | October 6, 2010 at 9:20 am

October 6, 2010  – 30 year fixed mortgage rates today are unchanged at 4% for well-qualified borrowers who pay 1 point origination but may finally improve on rising MBS prices. 15 year fixed mortgage rates are at 3.5% and could also dip. Fixed rates have been on the brink of declining several times in the past few weeks.

FHA mortgage rates, which are driven by the same bonds as conforming mortgage rates, are currently steady at an all time record low level. 30 year fixed FHA loan rates are at 4%, and FHA 5/1 ARM rates are at 2.875%. Despite rates on FHA loans being about the same as rates for conforming mortgages, closing costs are higher from MI and other FHA fees.

Current 30 year fixed jumbo mortgage rates are at 4.875%, down from previous weeks, and jumbo 5/1 ARM rates are at 4%.

FreeRateUpdate.com researches over 2 dozen wholesale and direct lenders’ mortgage interest rate sheets daily to determine the mortgage rates available to qualified borrowers at about 1 point origination.

Mortgage-backed securities prices, which drive mortgage rates in the opposite direction, are up +5/32 (FNMA 30-yr 4.0 at 103.07) this morning.

Mortgage Rates 10/5: Home Mortgage Rates Sustain, Jumbo Loan Rates Low

By: Ed Ferrara | October 5, 2010 at 8:01 am

October 5, 2010  – Fixed home mortgage rates continue to sustain low levels. Today, 30 year fixed mortgage rates are at 4% for borrowers who are well-qualified and pay about 1 point origination. 15 year fixed mortgage rates today are at 3.5%. Current conforming 5/1 ARM rates are at 3%. Today’s mortgage interest rates have been verified by FreeRateUpdate.com research of over 2 dozen wholesale and direct lenders’ rate sheets.

FHA loan rates,  which move with conforming mortgage rates, also continue to maintain record low levels. Today’s 30 year fixed FHA mortgage rate is 4%; however, fees charged by the Federal Housing Administration make closing costs higher than a conventional mortgage at the same note rate and origination fee. The current FHA 5/1 ARM loan rate is 2.875%.

Current jumbo mortgage rates are extremely low. Today’s 30 year fixed jumbo loan rate is 4.875%, down from the low 5’s in months previous. The current jumbo 5/1 ARM rate is 4%.

Mortgage-backed securities prices, which drive mortgage rates in the opposite direction, are up in consecutive days to begin this week, but just marginally. MBS prices are up +1/32 (FNMA 30-yr 4.0 at 103.04) this morning. The Dow has recovered from yesterday’s 100 point loss.

Mortgage Rates 10/4/10: 30 Year Mortgage Rates Sitting at 4%

By: Ed Ferrara | October 4, 2010 at 12:08 pm

October 4, 2010 – 30 year fixed conforming and FHA mortgage rates are sitting at 4% for well-qualified consumers who pay a standard .07 to 1 point origination. 15-year fixed conforming mortgage rates are holding at 3.5%. Both fixed conforming and FHA mortgage rates are at all time record lows.

30 year fixed jumbo mortgage rates are at 4.875%, also an all time low and unchanged from last week.

FreeRateUpdate.com researches over 2 dozen wholesale and direct lenders’ rate sheets to verify these rates are available today for qualified consumers who pay about 1 point origination. These rates are commonly referred to as “par” rates in the mortgage industry.

Wells Fargo, who originates the highest volume of mortgages in the US, is advertising a 4.375% conventional 30 year fixed rate with an APR of 4.559% on their website.

Mortgage-backed securities prices, which drive conforming and FHA mortgage rates in the opposite direction, are up +7/32 on falling stocks. The Dow is down 100 points. As a result, it’s possible mortgage rates improve today.

Current Mortgage Rates 9/30: Mortgage Rates Cruise Through Week at All Time Lows

By: Ed Ferrara September 30, 2010 at 8:43 am

September 30, 2010 – 30 year fixed mortgage rates have cruised through the week thus far at an all time low, 4% for qualified consumers who pay a standard .07 to 1 point origination. Current 15-year fixed mortgage interest rates are at 3.5%, also unchanged this week.

The same goes for FHA mortgage rates, which tend to move with conforming loan rates. Today’s 30 year fixed FHA loan rate is 4%, the same as the current 30 year fixed conforming mortgage interest rate; however, MI and other FHA fees charged exclusively on FHA loans make closing costs higher than that of a conforming loan at the same note rate and origination.

Jumbo mortgage rates, down from last week, are steady as well. Today’s 30 year fixed jumbo loan rate is 4.875%.

Mortgage-backed securities prices, which drive mortgage rates in the opposite direction, are down -1/32 today in a volatile session, not enough to move home loan rates.

FreeRateUpdate.com researches over two dozen wholesale and direct lenders’ rate sheets to determine the most accurate rates available to well-qualified consumers who pay about 1 point origination.

Wells Fargo home mortgage, who originates more mortgages than any other lender in the US, is advertising a 30 year fixed conventional mortgage interest rate of 4.375%, with a 4.559% APR.

Fixed Mortgage Interest Rates Today are Flat

By: Ed Ferrara | September 29, 2010 at 1:13 pm

September 29, 2010 – 30 year fixed mortgage rates are flat and remain at 4% for well-qualified borrowers who pay about 1 point origination. 15-year fixed mortgage interest rates remain at 3.5%.

FHA loan rates, which tend to move with conforming mortgage rates, are also stagnant today. Current 30 year fixed FHA loan rates are at 4%, the same as today’s conforming 30 year rate, but with higher closing costs due to MI and other FHA fees.

30 year jumbo mortgage rates are cemented at a record low 4.875%, down from last week.

Mortgage-backed securities prices, which move current mortgage rates their opposite, are down -6/32 despite strong demand at today’s 7-yr auction. The decline in MBS prices however is not enough to move mortgage rates.

Wells Fargo mortgage rates are unchanged today, they continue to offer 4.375% on a conventional fixed mortgage at an APR of 4.559%.

According to the MBA weekly survey mortgage refinance applications are down despite lower mortgage rates.

Today’s Mortgage Rates 9/28: 30 Year Fixed Mortgage Rates Holding, Could Decline

By: Ed Ferrara | September 28, 2010 at 4:45 pm

September 28, 2010 ) – 30 year fixed mortgage rates today held at 4% for well-qualified borrowers who pay about 1 point origination. 15 year fixed mortgage rates today are at 3.5%. Both fixed mortgage rates are unchanged this week.

Mortgage-backed securities prices, which move mortgage rates in the opposite direction, posted slight gains today +2/32 (FNMA 30-yr 4.0 at 103.01), as well as yesterday, making it possible for a sudden improvement to occur. If fixed mortgage rates do decline further, the conventional 30 year fixed mortgage interest rate will go below 4% for the first time ever without a buy down (discount points) required, standard origination fees do apply.

FHA mortgage rates, which continue to mirror conforming mortgage rates, are also unchanged today. Today’s 30-year fixed FHA loan rate is 4%, the same as today’s conforming 30 year rate; however, MI and other FHA fees make closing costs higher than that of a conforming mortgage, even at the same note rate and origination fee.

Jumbo mortgage rates are down from last week and today’s 30-year fixed jumbo loan rate is 4.875%.

FreeRateUpdate.com surveys over two dozen wholesale and direct lenders’ rate sheets to determine the lowest mortgage rates available to well-qualified consumers who pay a standard .07 to 1 point origination.

Wells Fargo, the nation’s #1 originator by volume, continues to offer a conventional 30 year fixed mortgage rate of 4.375% with an APR of 4.559 on their website.

To display current mortgage rates on your website use our free mortgage rates widget.

Current Mortgage Rates 9-27: 30-Yr Fixed Mortgage Rates Today Close in on 3.875%

By: Ed Ferrara | September 27, 2010 at 1:33 pm

September 27, 2010 – Current 30-year fixed mortgage rates, at 4% today for well-qualified borrowers who pay a standard origination fee of .07 to 1 point, could improve and dip below 4%, to 3.875%, for the first time ever.

Current mortgage rates are on the verge of improving thanks to gains in mortgage-backed securities prices today, up +12/32 (FNMA 30-yr 4.0 at 102.31) as of 1:06 PST, fueled by strong demand at bond auctions and a 50 point drop in the Dow.

15-year fixed mortgage rates are also unchanged today, but may improve. Current 15-year fixed mortgage rates are at 3.5%.

FreeRateUpdate.com surveys over 20 wholesale lenders’ rate sheets daily to determine the current mortgage rates available to the most qualified borrowers at a standard origination fee.

FHA loan rates, which tend to move with conforming mortgage interest rates, are steady. Today’s 30-year fixed FHA loan rate is 4%, the same as today’s conforming 30-year fixed rate; however, MI and other FHA fees make APR (closing fees) higher, even at the same note rate and origination. For instance, today Wells Fargo’s advertised conforming 30-year fixed-rate is 4.375%, with an APR of 4.559%. In contrast, Wells Fargo’s 30-year fixed FHA loan rate APR is 5.233%, at a similar note rate of 4.5%.

Jumbo mortgage rates are down from recent weeks. Today’s 30-year fixed jumbo loan rate, for true jumbo mortgages, outside of the jumbo conforming spectrum , is 4.875%.

Mortgage Rates 9-23-10: 30-Year Fixed Mortgage Rates May Break 4%

By: Ed Ferrara | September 23, 2010 at 9:22 am

September 23, 2010 – Conventional 30-year fixed mortgage rates may break 4% this week or early next week. If they do, we’ll have a new all time low 30-year fixed-rate, and a 30-year fixed mortgage rate under 4% for the first time ever.

For now, 30-year fixed mortgage rates are at 4% for well-qualified consumers who pay a standard .07 to 1 point origination fee. 15-year fixed mortgage interest rates today are at 3.5%. Both conforming fixed mortgage rates today match all time record lows.

Today’s 30-year fixed FHA loan rate is 4%, the same as today’s conforming 30-year fixed interest rate. FHA loans typically are associated with MI and pother FHA fees that drive costs up above those of a conforming mortgage, even at the same note rate and origination fee.

Today’s jumbo 30-year fixed loan rate remains at 5.125%.

RateUpdate.blogspot.com researches over two dozen wholesale lenders’ rate sheets daily to determine the most accurate mortgage rates available to well-qualified consumers who pay a standard origination fee, considered to be between .07 to 1 point.

Wells Fargo, who originates mortgage residential mortgages in the US than any other mortgage lender, continues to offer a 30-year fixed conventional mortgage at 4.375% with an APR of 4.559% on their website.

Mortgage-backed securities prices, which drive mortgage rates in the opposite direction, are down -1/32 today, not enough to move fixed mortgage rates in the immediate future. MBS prices were hurt today by the stock market’s recovery of early losses.

Mortgage Rates 9/22: Current Mortgage Rates Seesaw Back Down

By: Ed Ferrara | September 22, 2010 at 8:23 am

September 22, 2010 – Current mortgage rates continue to seesaw, this time dipping back down, matching all time record lows.

Current 30-year fixed mortgage rates are at 4% for well-qualified borrowers with a 20% down payment who pay .07 to 1 point origination. Current 15-year fixed mortgage interest rates are at 3.5%. Both conforming fixed mortgage rates are down an 1/8 from yesterday’s levels.

Today’s FHA mortgage rates are slightly improved as well and match conforming mortgage interest rates for the most part. Today’s FHA 30-year fixed loan rate is 4%, the same as today’s conforming 30-year fixed mortgage rate. Closing costs on FHA loans are significantly higher than on conforming mortgages, even at the same note rate and origination, because of mortgage insurance and other Federal Housing Administration fees.

Despite improvements in conforming and FHA mortgage rates today, jumbo mortgage rates remain the same. Today’s 30-year fixed jumbo mortgage rate is 5.125%.

Wells Fargo mortgage rates, advertised on their website, are unchanging. Wells Fargo’s advertised conventional 30-year fixed-rate remains at 4.375% with an APR of 4.559%.

After a big improvement yesterday in mortgage-backed securities prices, which led us to report that mortgage rates could dip (they did this morning), MBS prices are down just a tad this morning -2/32 (FNMA 30-yr 4.0 at 103.00), not enough to move mortgage interest rates.

Mortgage Rates 9/21: Today’s Mortgage Rates May Sink Again

By: Ed Ferrara | September 21, 2010 at 12:22 pm

September 21, 2010 – Today’s 30-year fixed mortgage rates are at 4.125% for well-qualified consumers with a 20% down payment who pay a standard .07 to 1 point origination. 15-year fixed mortgage rates today are at 3.625%. Both fixed mortgage rates today are just above all time record lows but that could change.

Current mortgage rates may sink again following an up tic in mortgage-backed securities prices that took place this morning. MBS prices, which drive mortgage rates the opposite direction, are up today +14/32. There’s little to no immediate risk of mortgage rates rising.

FHA mortgage rates remain nearly identical to conforming mortgage rates today. Today’s FHA 30-year fixed loan rate is holding at 4.125%, and today’s 15-year fixed loan rate remains at 3.75%. MI and other FHA fees make FHA loans, even at a identical note rate and origination as a conforming mortgage, more expensive than conventional mortgages.

Jumbo mortgage rates today haven’t changed either. Today’s 30-year fixed jumbo loan rate is solid at 5.125%.

Wells Fargo 30-year fixed mortgage rates, also unchanged, are advertised at 4.375% with an APR of 4.559% for a conventional loan. That’s according to the Wells Fargo website.

Mortgage Rates 9/16: Today’s Fixed Mortgage Rates Up 1/8

By: Ed Ferrara | September 16, 2010 at 10:05 am

September 16, 2010 – As fast as mortgage rates dipped back down to record lows, fixed mortgage rates today rose back up an 1/8. A weaker then expected Philly Fed today wasn’t enough to boost mortgage-backed securities prices, which drive mortgage rates in the opposite direction. MBS prices are down today -5/32, making it two consecutive days of losses. As a result, mortgage rates are at risk of rising further.

Fixed 30 and 15 year mortgage rates today are up 1/8, the 30-year fixed rate from 4% to 4.125%, and the 15-year fixed rate from 3.5% to 3.625%. Both rates are up off all time record lows.

FHA mortgage rates, which tend to move with conforming mortgage interest rates, are also up slightly today and mirror conforming mortgage rates today with the exception being the FHA 5/1 ARM, which is lower than the conforming 5/1 ARM and at 3% flat. Despite similar mortgage rates being available on FHA mortgages, MI and FHA fees make closing costs higher even at the same note rate and origination as a conventional mortgage.

Jumbo mortgage rates, which are not driven by the same bonds as conventional and FHA fixed mortgage rates, are unchanged. Today’s jumbo 30-year fixed mortgage rate is 5.125%

FreeRateUpdate.com researches over 2 dozen wholesale lenders’ rate sheets for brokers daily to determine the most accurate mortgage rates available to well-qualified consumers paying a standard .07 to 1 point origination.

Wells Fargo mortgage rates are still lower today then they were most of last week. Today’s 30 year fixed Wells Fargo mortgage rate is 4.375%, with an APR of 4.559%, as advertised on the Wells Fargo website.

Mortgage Rates: Current Mortgage Interest Rates Back Down to 4%

By: Ed Ferrara | September 15, 2010 at 5:56 pm

September 15, 2010 – Following significant improvements Monday and Tuesday in mortgage-backed securities prices, which drive mortgage interest rates in the opposite direction, 30-year fixed mortgage rates dipped back down to 4%, matching an all time record low. Conventional 15-year fixed mortgage rates today are at 3.5%. Fixed mortgage rates have been hovering around this level for weeks giving consumers more than a fair chance of securing a record low fixed interest rate.

Jumbo 30-year fixed mortgage rates remain at 5.125%, and FHA 30 year fixed loan rates today are at 4%, the same as conforming 30-year fixed mortgage rates.

FreeRateUpdate.com researches wholesale lenders’ rate sheets on a daily basis to find the mortgage rates available to well-qualified consumers at an average origination fee of .07 to 1 point.

Wells Fargo mortgage rates are improved slightly today. Today’s Wells Fargo conventional 30-year fixed mortgage rate is 4.375% with an APR of 4.559%.

MBS prices were down slightly today. As a result, there is a risk rates could rise tomorrow morning.

Mortgage Rates 9/13: Today’s Mortgage Rates Down Slightly

By: Ed Ferrara | September 13, 2010 at 12:02 pm

September 13th, 2010  – Today’s mortgage rates are down slightly from Friday’s levels thanks to significant gains in mortgage-backed securities prices today, +12/32 as of 2:01 pm EST. MBS prices drive current mortgage interest rates in the opposite direction.

Today’s 30-year fixed mortgage rates are at 4.125%, down from 4.25% Friday, for well-qualified consumers who pay a standard .07 to 1 point origination. Current 15-year fixed mortgage rates are at 3.625%. Both fixed mortgage rates today are just above their all time record lows, set recently.

FHA mortgage rates today continue to mirror conforming mortgage interest rates for the most part. Today’s FHA 30-year fixed loan rate is 4%, slightly better than today’s conforming 30-year fixed rate. Despite similar interest rates being available for FHA insured products, MI and other FHA fees making closing fees significantly higher on an FHA loan.

Jumbo loan rates today are unchanged and today’s jumbo 30 year fixed mortgage rate is 5.125%.

Wells Fargo mortgage rates are unchanged for the most part today and Wells Fargo’s 30-year fixed mortgage rate today is 4.5% with an APR of 4.686%, according to their website.

Mortgage Rates 9/10: Current Mortgage Rates Up Off Lows

By: Ed Ferrara | September 10, 2010 at 11:53 am

September 10, 2010  – Current mortgage rates are up off lows following two straight days of declines in mortgage-backed securities prices, which drive mortgage rates in the opposite direction. MBS prices are down -7/23 today. As a result today’s current 30-year fixed mortgage rate is 4.25% for well-qualified consumers paying a standard 1 point origination. 15-year fixed mortgage rates are unchanged and remain at 3.625%

Today’s 30-year fixed FHA mortgage rates are slightly better than that of the 30-year fixed conforming mortgage. Today’s FHA 30-year fixed loan rate is 4.125%. Despite a lower FHA mortgage rate being available, MI and other FHA fees drive the closing fees higher even at the same note rate and origination as a conventional mortgage.

30-year fixed jumbo mortgage rates are steady. Today’s 30-year fixed jumbo loan rate is 5.125%.

Wells Fargo mortgage rates are up slightly today. Today’s Wells Fargo convention 30-year fixed mortgage interest rate is 4.5% with an APR of 4.686%, as advertised on their website.

Mortgage Rates 9/8: Current Mortgage Rates Could Dip Again

By: Ed Ferrara | September 8, 2010 at 9:46 am

September 08, 2010  – Current mortgage rates could dip again following a significant increase in mortgage-backed securities prices yesterday +16/32 (FNMA 30-yr 4.0 at 103.09). MBS prices drive mortgage interest rates in the opposite direction. If mortgage rates do dip, 30-year fixed mortgage rates will be below 4% for the first time ever.

Current 30-year fixed mortgage rates are at 4% for well-qualified consumers with a 20% down-payment who pay 1 point origination, considered standard. 15-year fixed mortgage rates are at 3.625%. Both conventional fixed mortgage rates today are at record lows.

FHA mortgage rates today are about the same as conforming mortgage interest rates for the most part as has been the case for several months. Today’s FHA 30-year fixed loan rate is 4%, the same as the conforming 30-year fixed mortgage rate; however, MI and other FHA fees usually make closing costs much higher on an FHA loan then a conforming loan at the same note rate and origination fee.

Jumbo mortgage rates are steady and today’s jumbo 30-year fixed loan rate is 5.125%.

Wells Fargo mortgage rates are down from late last week. Today’s Wells Fargo 30-year fixed mortgage rate advertised on their website is 4.375% with an APR of 4.559.

Mortgage-backed securities prices are down slightly today -6/32, but still up on the week. As a result mortgage rates are stable and more likely to decline than rise.

Mortgage Rates 9/5: Mortgage Rates May Tick Up Tuesday

By: Ed Ferrara | September 5, 2010 at 9:25 am

September 5, 2010– Mortgage rates may tick up Tuesday following Friday’s decline in mortgage-backed securities prices -10/32 (FNMA 30-yr 4.0 at 102.24), which move mortgage rates in the opposite direction. Further deterioration of MBS prices is what could drive current mortgage rates higher.

Current 30-year fixed mortgage rates are at 4% for now for well-qualified consumers who pay a standard .07 to 1 point origination. Current 15-year fixed mortgage rates are at 3.625%. Both fixed mortgage interest rates today are at all-time record lows.

Wells Fargo 30-year fixed mortgage rates are up today from a week ago. Today’s Wells Fargo 30-year fixed mortgage rate, advertised on their website, is 4.5% with an APR of 4.686, up from 4.375%.

FHA mortgage rates, always at about the same level as conforming mortgage interest rates, are also at risk to rise. Today’s 30-year fixed FHA loan rates are at 4%, same as conforming mortgage rates today. MI and other FHA fees make FHA loans more expensive than conforming mortgages.

Jumbo mortgage rates today are unchanged. Today’s jumbo 30-year fixed loan rate is 5.125%

Mortgage Rates 9/2: Today’s Mortgage Rates Constant, Maintain Lows

By: Ed Ferrara | September 2, 2010 at 3:54 pm

September 2, 2010  – Today’s mortgage rates are constant, maintaining record low levels despite a slight decline of -6/32 (FNMA 30-yr 4.0 at 103.02) in mortgage-backed securities prices, which drive mortgage rates in the opposite direction, following several bits of economic data coming in close to expectations.

Current 30-year fixed mortgage interest rates remain at a record low 4% for well-qualified consumers who pay a standard .07 to 1 point origination and have at least a 20% down payment. Today’s 15-year fixed mortgage rates are steady at 3.625%, also an all time low.

FHA mortgage rates today are steady as well. Today’s FHA 30-year fixed interest rate is 4%, the same as today’s conforming mortgage rate; however, closing costs are higher because of MI and other FHA fees.

Jumbo mortgage rates are unchanged and today’s jumbo 30-year fixed mortgage rate is 5.125%.

Wells Fargo mortgage rates haven’t budged and Wells Fargo’s 30-year fixed loan rate is 4.375%.