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FHA Home Loan Rates November 2 – Current Rates Higher

Posted on | November 2, 2009 | No Comments

FHA home loan rates for November 2nd, 2009 are higher.  Current mortgage rates are up across the board with the conventional 30 year fixed mortgage rate up to 4.8% and the 15 year fixed up to 4.35%.  The conventional 5/1 ARM is also up to 3.9%.  FHA home loan rates are generally between .5% and .75% higher than conventional mortgage rates.

Very early on Monday morning we are seeing the 10 year treasury rate yield slightly bounce off the support level of the 50 day moving average.  With it being so early and the moving being so small we cannot make any conclusions just yet.  This week will be very interesting as far as the 10 year yield and mortgage interest rates go.  We are likely to see a significant move in one direction or the other but no one knows which direction that will be.

Overall, mortgage interest rates remain very close to historic lows.  With low mortgage rates and the Making Home Affordable plan helping home owners now is one of the best times to refinance in modern history.  If you have been thinking about going through the home refinance process it might be a good idea to go ahead and get started today; make sure to do your research!

Make sure to check out Subprime Blogger on a daily basis for your FHA loan rates. We will display the current FHA loan rates as well as a short commentary similar to the above column. Bookmark the following FHA Loan Rates category to gain easier access to our daily FHA rates column:

FHA Loan Rates

Author: Tiffany Mann

Category: FHA Loan Rates

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