FHA Home Loan Rates October 25 – Light Volume Moves on Sunday
Posted on | October 25, 2009 | No Comments
FHA home loan rates for October 25th, 2009 have seen very light volume. Being a Sunday in the fall this is to be expected as all financial markets are closed there is very little going on to affect mortgage interest rates. The conventional 30 year fixed rate is at 4.8% while the 15 year fixed is at 4.34%. The 5/1 ARM is down to 3.69%. FHA home loan rates are generally between .5% and .75% higher than conventional mortgage rates.
Sundays are extremely slow days for the mortgage market because not only is Sunday a day or rest but it is also a day in which most Americans do not want to think about their finances. Over the last few years many Americans have seen their bank accounts dwindle as their credit scores plummeted. This is not something we want to think about on a day that is supposed to be enjoyable.
With that being said, when Monday rolls around things change drastically. The financial markets open up and we have to get back to reality. Sometimes it is a hard reality but it is something all Americans have to deal with. With this being the case, we can expect to see volume ramp up greatly tomorrow and the movement in mortgage rates will be much more believable.
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: Alan Lake
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