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No Change In Fixed Mortgage Rates

Fixed mortgage interest rates held at record low levels this week. 30-year fixed mortgage rates sustained 4% for well-qualified consumers who pay one point origination, and 15-year fixed rates held at 3.5%, shows FreeRateUpdate.com research of over 2 dozen wholesale and direct lenders' rate sheets

FHA mortgage rates continued to hold at record low levels as well. Today's 30-year fixed FHA loan rate is the same as today's conforming fixed rate, 4%; however, MI and other FHA fees make closing costs higher than that of a conforming mortgage at the same note rate and origination. Today's FHA 5/1 ARM rate is below 3%, at 2.875.

Read More: http://bit.ly/byZK1G






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