August 31, 2010 – Mortgage interest rates firmed up today thanks to gains in mortgage-backed securities prices. MBS prices, which drive mortgage rates in the opposite direction were up +9/32 (FNMA 30-yr 4.0 at 103.17).
Current 30-year fixed mortgage rates remain at 4.125% for well-qualified borrowers paying about 1 point origination. Today’s 15-year fixed mortgage interest rate remains at 3.625%.
Today’s FHA mortgage rates maintained levels similar to current conforming interest rates.
Jumbo mortgage rates are holding at record lows. Today’s jumbo 30-year fixed loan rate is 5.125%
Wells Fargo recently lowered their advertised 30-year fixed-rate to 4.375% with an APR of 4.559%.
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