Mortgage Rates at Risk

Mortgage rates for Fannie Mae and Freddie Mac backed products, conforming loans, are at risk to go up following this morning's significant decline in mortgage backed securities prices which drive mortgage rates in the opposite direction. 30 year fixed mortgage rates for Fannie and Freddie backed conforming loans opened the day at 4.75%. FHA 30 year fixed rates also opened at 4.75%.

For an FHA net branch try Supreme Lending.