September 21, 2010 – Today’s 30-year fixed mortgage rates are at 4.125% for well-qualified consumers with a 20% down payment who pay a standard .07 to 1 point origination. 15-year fixed mortgage rates today are at 3.625%. Both fixed mortgage rates today are just above all time record lows but that could change.
Current mortgage rates may sink again following an up tic in mortgage-backed securities prices that took place this morning. MBS prices, which drive mortgage rates the opposite direction, are up today +14/32. There’s little to no immediate risk of mortgage rates rising.
FHA mortgage rates remain nearly identical to conforming mortgage rates today. Today’s FHA 30-year fixed loan rate is holding at 4.125%, and today’s 15-year fixed loan rate remains at 3.75%. MI and other FHA fees make FHA loans, even at a identical note rate and origination as a conforming mortgage, more expensive than conventional mortgages.
Jumbo mortgage rates today haven’t changed either. Today’s 30-year fixed jumbo loan rate is solid at 5.125%.
Wells Fargo 30-year fixed mortgage rates, also unchanged, are advertised at 4.375% with an APR of 4.559% for a conventional loan. That’s according to the Wells Fargo website.
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