Today's 30 year fixed mortgage rates approach all time historic lows.

Today's 30 year fixed mortgage rates are slowly approaching all time lows. The 10 year treasury yield, the leading indicator for fixed conforming mortgage rates, finished the day at 3.44. The yield is at it's lowest point since mid July.

Current 30 year fixed mortgage rates dipped below 5% today. 4.875% is widely available with zero buy down points, also known as discount points. 15 year fixed mortgage rates are available as low as 4.5%. 5/1 ARM rates actually increased today and the lowest available 5/1 ARM rate is 4.125% without paying buy down points. Buydown/discount points are additional points paid to lower the interest rate and are different from normal points and fees.

FHA loan rates follow the same yield as conforming mortgage rates and are nearly identical today.