30 Year Fixed Mortgage Rates – Find FHA and Conventional Mortgage Rates
Posted on | February 25, 2010 | No Comments
The average for 30 year fixed mortgage rates has dropped over the last few days as the 10 year treasury rate yield sits on its 50 day moving average. Today we are seeing the conventional 30 year fixed mortgage rate at 4.83% while the conventional 15 year fixed mortgage rate is at 4.25%.
Many mortgage lenders are reporting that FHA mortgage rates and conventional mortgage rates are coming in very close. If you are looking to find FHA or conventional mortgage rates it should not be difficult as most mortgage lenders are marketing their products very hard in the low interest rate environment.
Many analysts continue to predict that mortgage rates are going to move up in the Spring of 2010. With the spring just around the corner it might be a good idea to start your research today and get locked into a low mortgage rate before they start to move higher. Some analysts have predicted mortgage rates as high as 7.5%.
Any major financial decision is very important in your life. You must step back and look at the big picture before making the final decision. With mortgage rates extremely low at the present time it is a good time to buy a home or refinance but only if you have the money to do so.
Author: Jeremy North
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