August 26, 2010 – Current mortgage rates are at a standstill thanks to wavering mortgage-backed securities prices. MBS prices drive mortgage rates in the opposite direction and are up +5/32 today.
Current 30-year fixed mortgage rates remain at 4% and 15-year fixed mortgage rates today are at 3.5% for well-qualified consumers with a 20% down payment paying 1 point origination, considered standard. These interest rates are verified by FreeRateUpdate.com research of over 2 dozen wholesale lenders’ mortgage interest rate sheets.
Today’s FHA mortgage rates are unchanged matching conforming mortgage interest rates. Today’s FHA 30-year fixed loan rate is 4%; however, MI and other FHA fees make closing costs on an FHA loan at 4% higher than that of a conforming mortgage with the same note rate and origination fee.
Jumbo mortgage rates today are also unchanged. Today’s jumbo 30-year fixed loan rate is 5%.
Jumbo mortgage rates today are also unchanged. Today’s jumbo 30-year fixed loan rate is 5%.
Jumbo mortgage rates, conforming mortgage interest rates, and FHA loan rates are all at all time record lows.
To display current mortgage rates on your website or blog use our mortgage rates widget, which is free.
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