FHA Home Loan Rates November 30 – 15 Year Fixed Mortgage Rate Up
Posted on | November 30, 2009 | 1 Comment
FHA home loan rates for November 30th, 2009 are little changed but the 15 year fixed mortgage rate is up. The conventional 15 year fixed mortgage rate is up to 4.15% while the conventional 30 year fixed mortgage rate is unchanged at 4.55%. The conventional 5/1 ARM is also unchanged at 3.64%. FHA home loan rates have been coming in very close to conventional mortgage rates and sometimes even lower. Make sure to check with your lender to get an exact FHA home loan rate.
The 10 year treasury rate yield has dropped below the support level of the 200 day moving average and there is little argument against much lower mortgage rates in the near future. The question that many current home owners have is “how low will mortgage rates go?” It is very hard to answer this question as the Federal Reserve Bank is doing everything they can to force interest rates lower to spark interest in the housing market.
The housing market has received a great deal of interest due to the extension of the first time home buyers tax credit. With low home prices, tax credit for new home buyers and move up buyers and all time low mortgage interest rates now is the best time in the history of the United States housing market to buy a home!
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: Heather Best
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December 2nd, 2009 @ 4:29 am
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