FHA Loan Rates September 25 – Mortgage Rates Unchanged
Posted on | September 25, 2009 | No Comments
FHA loan rates for September 25th, 2009 are unchanged from yesterday at 5.72%. Mortgage interest rates were extremely volatile early yesterday but have settled in since. Most analysts expected a move higher in mortgage interest rates after the Federal Reserve Bank confirmed that they were going to stop buying US treasuries by the end of October. There was a brief move up in the conventional 30 year fixed rates to 5.05% but they have moved right back down to 4.97%.
It is highly likely that we are going to see very little movement in mortgage rates over the weekend as this time of year is quite quiet for the housing market and mortgage industry. After the commentary by the Federal Reserve Bank we can expect a weekend of relaxation and taking a deep breather. Stay up to date with average mortgage rates by returning to Subprime Blogger as we update FHA loan rates, VA mortgage rates and conventional mortgage rates every day, including the weekends.
Next week could be very interesting as far as mortgage rates because we are getting very close to a time when first time home buyers need to completing their home buying process to get the $8000 tax credit. If you want the first time home buyers tax credit and you have yet to start the home buying process it is likely that you will not be able to finish the closing by the deadline of November 30th.
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: Mike Garner
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