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Mortgage Interest Rates November 30 – New Lows Today

Posted on | November 30, 2009 | No Comments

Mortgage interest rates for November 30th, 2009 are unchanged early but there is a good chance that we could see new lows today.  The 30 year fixed rate mortgage is currently at 4.55% while the 15 year fixed mortgage rate is at 4.14%.  The 5/1 ARM is up slightly to 3.7%.  The 10 year treasury rate yield is up very little this morning but remains well below the support level of the 200 day moving average.

Over the weekend we saw mortgage interest rates as low as 4.49%.  These are levels that have never been seen before in the history of the United States housing market.  With tax incentives for first time buyers, low home prices and all time lows for mortgage rates, now might be the best time in history to consider buying a home.

The Federal Reserve Bank plans to stop purchasing mortgage backed securities at the end of March 2010 and this is likely when we will see mortgage interest rates start to move up significantly.  Until then there is a strong possibility that mortgage rates will remain below 5% as the Fed is taking the proper measures to keep overall interest rates very low.

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

Daily Mortgage Rates Column

Author: Jesse Wojdylo

Category: daily mortgage rates

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