30 Year Fixed Rate Remains 4.625%, FHA 4.75%

As economic data said existing home sales were at an almost 3 year high in October 30 year fixed rates continued to do their part in aiding a recovery holding at 4.625%. The current conforming 15 year fixed rate is 4.25%. The current 5/1 ARM rate is 3.75%. Prices of Residential Mortgage Backed Securities are up slightly today. The benchmark 10 year treasury yield is also up slightly. The down is up over 100 points. FHA 30 year fixed mortgage rates continue to be near conforming. The current FHA 30 year fixed rate is 4.75% though according to FreeRateUpdate.com research 5% is being advertised by most major banks.