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FHA Home Loan Rates November 9 – Current Rates Higher

Posted on | November 9, 2009 | No Comments

FHA home loan rates for November 9th, 2009 are higher early.  The current conventional 30 year fixed mortgage rate is up to 4.82% while the conventional 15 year fixed is at 4.26%.  The conventional 5/1 ARM is also up to 3.61%.  It is still very early in the week, 10:00 am Monday, so many things could change quickly.  FHA home loan rates are generally .5% to .75% higher than conventional mortgage rates but still very attractive at this point.

The movement of the 10 year treasury rate yield could go a long way in determining where mortgage rates go over the near and long term.  The 10 year yield bounced off its 50 day moving average last week and moved higher but this did very little to affect mortgage interest rates.  For the most part we have seen mortgage interest rates grind sideways to down during the up trend of the 10 year yield.

This is very similar to the situation we saw back in May 2009 in which the 10 year yield greatly outpaced mortgage rates.  At the end of the month the 30 year fixed mortgage rate moved up by almost .75% in one week.  No one knows if that is going to happen again but there is a strong possibility if the 10 year yield continues to trend higher.

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: Mike Garner

Category: FHA Loan Rates

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