Mortgage Rates Today: 30-Yr Fixed Holds @ 4.625% - FHA UPDATE

FreeRateUpdate.com research of wholesale mortgage lender's current mortgage rates shows no change today. Mortgage rates were pretty steady all morning and afternoon without any major economic data released. 30 year fixed mortgage rates dropped from 4.75% to 4.625% yesterday, they are unmoved today. 15 year fixed mortgage rates have been steady at 4.25% for over a month now. The 5/1 ARM rate is 3.75% still. FHA mortgage rates average about an 1/8 percent higher across the board today. The current FHA 30-year fixed rate is 4.75% though most bank's are advertising 5%.

Mortgage Rates Reach 4.625 - 30-Yrs Fixed

Mortgage rates today continued to descend downward reaching 4.625% 30 years fixed. Mortgage rates are at their lowest point in over a month. Prices of RMBS continue to rise (mortgage rates move opposite Residential Mortgage Backed Securities). The benchmark 10 year treasury yield, used to forecast conforming mortgage rates, is down big today. The FHA 30 year fixed mortgage rate remains 4.75%. The conforming 30 year fixed mortgage rate is likely to remain at 4.75% for no longer than a day or two if you take history into account. Jumbo mortgage rates continue to be higher than conforming mortgage rates but historically good. 30 year fixed mortgage rates on true jumbo loans are at 5.75%.

Today's Mortgage Rates are Historically Low, STILL

Today's mortgage rates are historically low, still. The current 30-year fixed mortgage rate is 4.75% at par according to FreeRateUpdate.com research of wholesale mortgage lender's rate sheets. Also at 4.75%, the current FHA 30-year fixed mortgage rate. Today's conforming fixed 15 year mortgage rate is 4.25%. Today's 5/1 ARM rate at par is 3.75.

Jumbo mortgage rates, for true jumbo mortgages, continue to be significantly higher than conforming loans. Jumbo 30-year fixed rates start at 5.75%.

Mortgage Rates According to Goldman Sachs

Goldman Sachs says the benchmark 10 year treasury yield, the best indicator for 30 year fixed mortgage rates, is headed to 3 percent. What does this mean for mortgage rates if Goldman is correct about the future of the yield?

Mortgage rates have waivered between 4.875 and 5.5 percent the past few months. If Goldman's analysis of the yield is accurate mortgage rates should move downward torward 4.5 percent and remain between 4.5 percent and 5 percent for the rest of 2009.

Mortgage Rates Hold Steady

Today's mortgage rates held steady tas the benchmark 10 year treasury yield, the best indicator for fixed mortgage rates, rose slightly to 3.45 percent (+1.53 percent) .

Today's 30 year fixed mortgage rates are as low as 4.875 percent at par, where they've remained since September 3rd. Today's 15 year fixed mortgage rates are as low as 4.25 percent at par. Today's 5/1 ARM mortgage rates are as low as 3.75 percent at par.

Par rates include normal points and fees.

Zillow is the latest to report mortgage rates averaging under 5 percent.

Freddie Mac releases their average 30 year fixed mortgage rates report every Thursday.

Mortgage Rates Down 5 Straight Weeks and Counting

Many analysts predict this week's Mortgage Rates Survey by Freddie Mac will show 30 year fixed mortgage rates averaging under 5 percent Monday through Wednesday. The 10 year treasury yield, the best indicator for current mortgage rates, has descended 5 straight weeks touching a 2 month low Friday afternoon.

Bond auctions continue to draw strong demand driving down mortgage rates. TALF, a program created by the Fed to purchase Residential Mortgage Backed Securities and keep interest rates low continues through December.

Mortgage rates remain under 5 percent.

Mortgage rates remain under 5 percent despite the rise in the benchmark 10 year treasury yield this morning. The yield shot up over 3.5 early today before retreating to 3.479 percent. FreeRateUpdate.com research shows current 30 year fixed mortgage par rates available at 4.375 percent. 15 year fixed mortgage par rates are as low as 4.375 percent. 5/1 ARM mortgage rates are currently available as low as 3.875 percent at par.