September 13th, 2010 – Today’s mortgage rates are down slightly from Friday’s levels thanks to significant gains in mortgage-backed securities prices today, +12/32 as of 2:01 pm EST. MBS prices drive current mortgage interest rates in the opposite direction.
Today’s 30-year fixed mortgage rates are at 4.125%, down from 4.25% Friday, for well-qualified consumers who pay a standard .07 to 1 point origination. Current 15-year fixed mortgage rates are at 3.625%. Both fixed mortgage rates today are just above their all time record lows, set recently.
FHA mortgage rates today continue to mirror conforming mortgage interest rates for the most part. Today’s FHA 30-year fixed loan rate is 4%, slightly better than today’s conforming 30-year fixed rate. Despite similar interest rates being available for FHA insured products, MI and other FHA fees making closing fees significantly higher on an FHA loan.
Jumbo loan rates today are unchanged and today’s jumbo 30 year fixed mortgage rate is 5.125%.
Wells Fargo mortgage rates are unchanged for the most part today and Wells Fargo’s 30-year fixed mortgage rate today is 4.5% with an APR of 4.686%, according to their website.
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