FHA Home Loan Rates December 21 – Mortgage Rates Move Up This Week

Posted: December 21st, 2009 | Author: admin | Filed under: FHA Loan Rates | 3 Comments »

FHA home loan rates for December 21st, 2009 are moving higher.  Early this week we are seeing the conventional 30 year fixed mortgage rate up to 4.82% while the conventional 15 year fixed mortgage rate is up to 4.26%.  The conventional 5/1 ARM is going along with the trend and is up 3.95%.  We are also seeing the 10 year treasury rate yield break resistance and moving towards multi month highs.

Currently the 10 year treasury rate yield is around 3.63%.  If this level can hold before the break for the holidays then there is a good chance that the 10 year yield could start its move towards 4%.  If this happens you can be assured that the 30 year fixed mortgage rate will move well above 5% and possibly all the way up to 5.5%.  We will have to see what the Federal Reserve Bank does to keep treasury yields lower before 2010.

With mortgage interest rates still well below 5% it is a good idea to go ahead and submit that mortgage refinance application that you have been working on.  Many American homeowners will submit mortgage applications when the new year rolls around and you do not want to be on the bottom of that stack.  Work hard and get the application submitted sooner rather than later.

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

3 Comments on “FHA Home Loan Rates December 21 – Mortgage Rates Move Up This Week”

  1. 1 Mortgage Rate Hot Topics for December - Economic Conversation said at 11:38 am on December 21st, 2009:

    [...] FHA Home Loan Rates December 21 – Mortgage Rates Move Up This Week With mortgage interest rates still well below 5% it is a good idea to go ahead and submit that mortgage refinance application that you have been working on.  Many American homeowners will submit mortgage applications when the new year rolls around and you do not want to be on the bottom of that stack.  Work hard and get the application submitted sooner rather than later. [...]

  2. 2 FHA Mortgage FHA home loan said at 11:58 am on December 21st, 2009:

    Rates Are going back up in Mark the fed is going to stop buying mortgage backed securities.

  3. 3 Kevin Benner said at 5:11 pm on December 22nd, 2009:

    While I see rates slowly moving north heading into 2010 I am not certain we will see a spike until later in the year. As always the fed will wait too long to move against inflation and will have to crank up rates to keep pace. Banks free ride will end and we will pay the price in higher interest rates.

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