Mortgage Rates Today: 30 Year Fixed Mortgage Rates as Low as 5%. FHA Loan Rates Mirror Conforming.

The benchmark 10 year treasury bond yield, the leading indicator for current mortgage rates, opened the day up slightly. As a result mortgage lenders adjusted current 30 year fixed mortgage rates upward to 5 percent from 4.875%.

Throughout the course of the day the yield descended closing at virtually the same point as yesterday. Most likely west coast lenders will either adjust rates back down to 4.875% this afternoon or Monday morning.

Pricing on FHA loans is a tad better than conforming mortgages. An FHA 30 year fixed mortgage can be obtained as low as 5 percent currently with slightly less origination charged.

Home Affordabilty is Better than Ever. Get a Small Rate and Big Tax Credit.

Home affordability is better than ever. 30 year fixed mortgage rates dipped under 5% on Tuesday and held steady today. The goverment tax credit of 8 grand for home buyer's who have not purchased a house in the past 3 years is the kicker for most shoppers. This tax credit is set to expire December 1st. Currently there's an income restriction which keeps some people from qualifying. There's new legislation on the table that proposes the tax credit is extended through 2010 and opended up to everyone removing the income restrictions and requirement for applicants to not have bought in the past 3 years.

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.

Mortgage Rates Inching Toward 2 Month Lows

Today's 30 year fixed mortgage rates are as low as 5% with zero buy down points. Rates are pretty much unchanged across the board; however, points paid by the borrower decreased 1/4. That's $1,000 savings on a mortgage of $400,000 today compared to yesterday.

Current 30 year fixed mortgage rates are inching closer to 4.875%. The leading indicator for 30 year fixed mortgage rates, the 10 year treasury yield, decreased to 3.45 from 3.49 today nearing it's lowest level since mid July.

Home sales data released today proves stabilization is indeed in effect in the housing sector. Median U.S. home prices posted their biggest increase in July since June 2005.

Mortgage Rates: Up in the Morning and Down this Afternoon.

The 30 year fixed mortgage rate moved a tad closer to 4.875% this afternoon.

After the benchmark yield started the day up, as high as 3.6, it sunk with the Dow in the afternoon settling in at 3.49 to finish the day.

30 year fixed mortgage rates stayed as low as 5%, 15 year fixed mortgage rates as low as 4.5%.
The 5/1 ARM has been gaining popularity reports Freddie Mac. It's rate is currently as low as 3.75% with no buy down points.

Buy down points are used to pay down the interested rate and are in addition to normal points and fees.

30 Year Fixed Mortgage Rates as Low as 5% to Start the Week.

Freddie Mac reported 30 year fixed mortgage rates averaged 5.12 last week, their lowest level since May. In April 30 year fixed mortgage rates set an all time record low averaging under 4.8%.

Our research shows 30 year fixed mortgage as low as 5% today. This rate is without any buy down points. Buy down points are additional points paid to lower the interest rate above and beyond normal rates and fees associated with a mortgage.

Positive housing data is putting upward pressure on the 10 year treasury yield, the leading indicator for fixed mortgage rates. When the 10 year treasury yield rises typically so do mortgage rates.

Mortgage Rates Improve A Tad this Afternoon as the Benchmark Yield Hits a 1 Month Low.

30 Year Fixed Mortgage Rates which we reported as low as 5% this morning improved by an 1/8 of a point this afternoon as the benchmark 10 year treasury yield sunk to it's lowest level in over a month.

The benchmark 10 year treasury yield dropped to 3.46 this afternoon. As a result many wholesale mortgage lenders adjusted their mortgage rates to reflect the improvement.

30 year fixed mortgages can be obtained as low as 4.875% with zero buy down points. Buy down points are points in addition to the normal fees associated with a loan.

15 year fixed mortgage rates are as low as 4.5%.

A 5/1 ARM can be obtained at 3.75%.

30 year fixed mortgage rates up slightly this morning.

Current mortgage rates were up slightly this morning following yesterday's small up tic in the benchmark 10 year treasury yield.

FreeRateUpdate.com research of wholesale mortgage rates shows 30 year fixed loans available as low as 5% with zero buy down points. Buy down points are additional fees on top of the normal fees used to pay down the interest rate.

The yield was down significantly today and we expect lenders to adjust their mortgage rates to show improvements as soon as this afternoon.

Current mortgage rate for a 30 year fixed as low as 4.875%.

Current mortgage rates are stable as the 10 year treasury yield rose slightly today. Our research showed this morning lenders were offering as low as 4.875% for a 30 year fixed conforming mortgage. This afternoon that rate was unchanged.

FHA loan rates also remain under 5% as they follow the 10 year treasury yield as well.

Data released today shows for the fifth month in a row new housing starts increased. This does not effect mortgage rates directly.

Also, less than a week ago the Fed announced they'll leave their key lending rate near zero for quite some time. Contrary to popular belief the fed lending rate does not directly influence fixed mortgage rates.

Mortgage Rates May be Headed to an All Time Low and it Could Happen this Week.

Our research of wholesale mortgage lender's rate sheets shows 30 year fixed mortgage rates available as low as 4.875% with zero buy down points this morning.

Today the Dow plummeted 186 points (2.00%) driving investors into bonds pushing yields and mortgage rates down. Lenders most likely will adjust their rate sheets for the better shortly. That means 4.75% 30 year fixed mortgage rates for the first time since April.

Another day or two of high bond demand as investors steer clear of a risky stock market could send rates to all time record lows. 4.5% 30 year fixed mortgage rates are entirely possible depending upon which direction overall market confidence swings.

FHA loan rates follow the same indicators as conforming rates. Conforming jumbo mortgage rates also follow the 10 year yield. Super jumbo mortgages do not.

Mortgage Interest Rates: Current 30 Year Fixed Mortgage Interest Rate 4.875%

Current mortgage rates for 30 year fixed home loans are as low as 4.875% today with zero buy down points. This is according to our research of wholesale mortgage lenders rate sheets. This rate applies to Conforming, FHA Loan Rates, and Jumbo Mortgage Rates. This is a third opportunity for homeowners who have rolled the dice holding off refinancing waiting for sub 5% interest rates. Interest rates were driven down by strong demand at this week's Fed bond auctions as well as a weak retails sales report released yesterday.

Interest rates are at their lowest level in weeks and with economic recovery on the brink maybe their lowest level for years to come.

The Fed winds down a treasury purchase program that was aimed at keeping mortgage rates low in October. Without government assistance mortgage interest rates may fall to the pressure of economic recovery and rising bond prices. In other words they may spike without help from the Obama administration.

The US Dollar index has been at year highs of late and back the Fed's statement inflation isn't an immediate concern. As inflation goes up bond demand will taper and mortgage rates will rise. How soon that will happen is debated by analysts.

Current Mortgage Rates: Weak Retail Sales Data, Strong Bond Demand Push Mortgage Rates Lower for Conf and FHA Loans

Bond auctions were highly successful today fueled by attractive yields. The Fed's auction drew unexpected demand driving yields which drive mortgage rates down.

Current Mortgage Rates: 30 year fixed mortgage rates are as low as 5% today without any buy down points. The 5/1 ARM another Fannie Mae, Freddie Mac backed product is as low as 3.75%. This is quite an improvement from late last week when average fixed rates were being reported as high as 5.65%. These rates apply to most FHA Loan products also.

A major factor in today's mortgage rate improvement was the disappointing retail sales data released today. Retail sales which were expected up were down and point to a slower recovery than expected. Also the US Dollar remains strong with little to no signs of current inflation. That's always a positive for investors looking to purchase US Bonds.

The Dow was up over 100 points early but finished the day up just over 36 points after the retail sales data led to a sell off.

Mortgage Rates Today: 30 Year Fixed Mortgage Rates as Low as 5.125% with Zero Buy Down Points

Current Mortgage Rates are Stable.

The Fed announced today they will keep the Fed Rate exceptionally low for an extended period of time. In the same statement today they also said they will continue buying treasury bonds winding down that program in October as planned.

Our research of wholesale mortgage lender's rate sheets shows current 30 year fixed mortgage rates as low as 5.125% with zero buy down points. 15 year fixed mortgage rates are as low as 4.5%. FHA loan rates are within 1/8% of conforming mortgage rates. Jumbo mortgage rates are the same as conforming rates at low LTV's but as equity in the home goes down costs of a loan goes up.

Current Mortgage Rates: Mortgage Rates Showing Modest Improvement this Week as Fed's Bond Auctions Underway

Current mortgage rates are improving thanks to this week's government bond auctions. Bond auctions good or bad effect treasury yields which in turn effect mortgage rates. The 10 year treasury yield continues to be the leading indicator for 30 year fixed mortgages. 30 year mortgage rates while reported at an average as high as 5.5% are being offered as low as 5.125% with zero buy down points. 15 year fixed mortgages have improved slightly and are current at 4.5%. 15 year mortgages were as low as 4.25% with zero buy down points last week. The outlook for mortgage rates this week is good. Check out this entertaining mortgage rate prediction by the self proclaimed mortgage psychic.

FHA mortgage rates and conforming jumbo loans follow this yield and as a result this report applies to them as well. Super Jumbo Loans do not follow treasury yields.

Current Mortgage Rates: Surprisingly 30 Year Fixed Mortgage Rates Improve Today

Mortgage Rates Today improved .25%. Research of wholesale mortgage lender's rate sheets shows 30 year fixed rates as low as 5% with zero buy down points available today. Benchmark 10 year treasury yields improved to 3.771 after a decline steadily throughout the afternoon. Bond yields continue to drive mortgage rates. These rate movements apply to Conforming, Conforming Jumbo, and FHA Loans.

For the rest of the week the Fed will auction huge amounts of Treasury bonds. If demand is high as expected the auctions may send mortgage rates even lower. High demand is expected as bond prices are low after posting the biggest one week decrease since 2003. That decrease caused the biggest one week spike since 2003 in the Treasury yield and as a result we saw mortgage rates spike from 4.75% on a 30 year fixed mortgage to 5.25%. The average mortgage rate for a 30 year fixed was reported as high as 5.5% last week.

Mortgage Rates Up on Surprisingly Good Unemployment Numbers

Mortgage Rates Today were up from previous levels on everything but the 30 year fixed mortgage. The 30 year fixed mortgage held steady at 5.25% as 15 year fixed loan rates rose from 4.25% to 4.625%.

The Dollar Index hit a year best today and that's good for next weeks long term bond auctions. As the benchmark 10 year treasury yield continues to climb reaching 3.86 today it's more important than ever for high demand in Fed bond auctions to keep mortgage rates low.

The rise in rates applied to Conforming, Jumbo Mortgage Rates, and FHA Loan Rates.

Current Mortgage Rates:30 Year Fixed Mortgage Rate Trend

Mortgage Rate Trend for 2009. The 10 Year Treasury Yield (^TNX) is a benchmark for 30 Fannie Mae and Freddie Mac 30 Year Fixed Mortgage Rates.

In other mortgage news that may effect mortgage rates it was announced the government is considering a complete overhaul of Fannie Mae and Freddie Mac which was created during the great depression and currently insures most mortgages in the US. This is major. The overhaul plans include for basically starting the companies over eliminating their current existence.

30 Year Fixed Mortgage Rises as Treasury Yields Continue Up

Mortgage are rates up as treasuries rose further today. The 10 year treasury yield which drives conforming fixed mortgage rates has risen to 3.76. Compare that to 3.5 where it finished last week. The difference in the 30 year fixed mortgage rate from last week to this week is significant. 30 year fixed mortgages are currently available at 5.25% with zero buy down points. That's up almost a full 1/2% from last week. The 15 year fixed mortgage rate rose to 4.275% today and the 5/1 ARM to 3.875%.

In other news Taylor Bean & Whitaker ceased operations today. They are one of the most popular channels for mortgage brokers to place loans. This brings upon a huge fallout of loans that need to be placed somewhere else.

Mortgage Rates Today: 30 Year Fixed Above 5% Again

Today the 10 year treasury yield rose above 3.7 from 3.58 before finishing the day at 3.68. Up about 1%. The 10 year treasury yield is the leading indicator for conforming, conforming jumbo and FHA mortgages.

Pending home sales rose 3.6% month over month from May to June. That's great news for the housing sector. While it's a minimum gain any news but bad news is good news.

Yields may continue to rise driving up mortgage rates as bonds, especially long term bonds lose popularity as investors seek bigger profits in the stock market. The Dow finished the day at 9320.19 up over 33 points.

Mortgage Rates Up a Bit After Sinking to 4.75%

Friday afternoon fixed mortgage rates sank under 5%. The 30 year fixed dropped to 4.75%. A 5/1 ARM was available at 3.75% with an APR of 3.85%.

Today's stock market rally and combined with the US dollar reaching a 2009 low point drove investors out of bonds and into stocks. When investors flee bonds for stocks bond prices drop driving yields and mortgage rates up.

While many lenders have not yet adjusted their rate sheets today's yield spike is expected to take 30 year fixed mortgage back up to 5%.