FHA Home Loan Rates November 3 – Todays Rates Unchanged
Posted on | November 3, 2009 | 1 Comment
FHA home loan rates for November 3rd, 2009 are unchanged early. The conventional 30 year fixed rate mortgage is at 4.79% while the 15 year fixed mortgage rate is at 4.27%. The conventional 5/1 ARM is up slightly to 3.84%. The trading day will likely add some volatility to mortgage interest rates. FHA home loan rates are generally .5% to .75% higher than conventional mortgage rates but it varies per lender.
Today has been very slow when it comes to mortgage interest rates but it is still very early, 9:00 am eastern, and the markets have yet to get going. There is also a good chance that it is a calm before the storm until the Fed meets and releases their commentary. This is sure to move the markets; especially the treasury markets which in turn will move mortgage rates.
With that being said, it might be a wise decision to go ahead and get the mortgage application process started in case mortgage rates start to move up quickly. The Fed has already announced that they have stopped buying US Treasuries so you never know what might come next. President Obama and Ben Bernanke feel strongly about keeping mortgage rates low but anything can happen in today’s economic environment.
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:
Author: Alan Lake
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November 3rd, 2009 @ 9:16 pm
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