September 5, 2010– Mortgage rates may tick up Tuesday following Friday’s decline in mortgage-backed securities prices -10/32 (FNMA 30-yr 4.0 at 102.24), which move mortgage rates in the opposite direction. Further deterioration of MBS prices is what could drive current mortgage rates higher.
Current 30-year fixed mortgage rates are at 4% for now 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 interest rates today are at all-time record lows.
Wells Fargo 30-year fixed mortgage rates are up today from a week ago. Today’s Wells Fargo 30-year fixed mortgage rate, advertised on their website, is 4.5% with an APR of 4.686, up from 4.375%.
Wells Fargo 30-year fixed mortgage rates are up today from a week ago. Today’s Wells Fargo 30-year fixed mortgage rate, advertised on their website, is 4.5% with an APR of 4.686, up from 4.375%.
FHA mortgage rates, always at about the same level as conforming mortgage interest rates, are also at risk to rise. Today’s 30-year fixed FHA loan rates are at 4%, same as conforming mortgage rates today. MI and other FHA fees make FHA loans more expensive than conforming mortgages.
Jumbo mortgage rates today are unchanged. Today’s jumbo 30-year fixed loan rate is 5.125%
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