August 19th 2010 – Weaker than expected jobs data helped to push investors away from stocks and toward bonds causing a 140 plus point drop in the Dow, helping mortgage-backed securities prices, which drive mortgage rates in the opposite direction, to rise +18/32 (FNMA 30-yr 4.0 at 102.30), and stabilizing mortgage interest rates at already all time record lows.
30-year fixed mortgage rates are at 4% for highly qualified borrows paying about 1 point origination. Current 15 year fixed mortgage rates are at 3.5. Rates are unchanged this week since improving last week.
30 year fixed FHA mortgage rates today are the same as current conforming interest rates.
Jumbo mortgage rates are unchanged today remaining at record lows. Today’s 30 year fixed jumbo loan rate remains at 5%.
Jumbo mortgage rates are unchanged today remaining at record lows. Today’s 30 year fixed jumbo loan rate remains at 5%.
Wells Fargo mortgage rates are unchanged. Wells Fargo is advertising a 30 year fixed loan rate of 4.5.
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