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.
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