Mortgage rates are still at record lows. Mortgage-backed securities prices, which drive mortgage rates in the opposite direction, continue to waiver, rising Friday on weak unemployment data before dipping slightly this morning.
30-year fixed mortgage rates are at 4.25% for well-qualified borrowers with a 20% down payment who pay .07 to 1 point origination. 15-year fixed mortgage rates are at 3.75%. Both conforming fixed mortgage rates are record lows and verified as available by FreeRateUpdate.com through research of over 2 dozen wholesale lenders’ rate sheets for brokers.
Today’s FHA 30-year fixed loan rate is 4.25%, the same as today’s 30-year fixed conforming mortgage rate. The difference is in closing costs. FHA loans typically have higher closing fees than conforming mortgages because of MI and other FHA fees. FHA still offers the smallest down payment on the market of just 3.5% making FHA loans most popular with those buying a home.
Jumbo mortgage rates are holding at their record low. Today’s 30-year fixed jumbo loan rate is 5.125%.
Jumbo mortgage rates are holding at their record low. Today’s 30-year fixed jumbo loan rate is 5.125%.
Wells Fargo, the nations number one mortgage originator by volume, is offering on their website a conforming 30-year fixed mortgage rate of 4.5% with an APR of 4.686.
To display today’s mortgage rates on your website or blog please use FreeRateUpdate.com’s current mortgage rates widget.
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