FHA Home Loan Rates October 26 – Mortgage Rates Mixed Early
Posted on | October 26, 2009 | 1 Comment
FHA home loan rates for October 26th, 2009 are mixed early. The conventional 30 year fixed rate mortgage is up to 4.86% while the 15 year fixed rate mortgage is down to 4.28%. The conventional 5/1 ARM is also down to 3.7%. FHA home loan rates are generally around .5% to .75% higher than conventional mortgage interest rates.
The 10 year treasury rate yield has moved up early today which is an extension of the move higher on Friday. This does not mean that the day will finish with a higher move but it is an interesting signal that we are starting to see the 10 year yield start to pull away from its 50 day moving average. If this up trend continues we could see the 10 year yield work its way up to the summer highs around 4%.
If this 4% level is tested then there is a very good chance that we are going to see mortgage rates move much higher. The conventional 30 year fixed moving up to 5.5% would not be out of the question if we see the 10 year yield move all the way up to 4%. The government is working hard to keep rates low but eventually the market is going to have to set interest rates.
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: Tiffany Mann
Comments
One Response to “FHA Home Loan Rates October 26 – Mortgage Rates Mixed Early”
Leave a Reply
October 26th, 2009 @ 8:52 am
[...] Subscribe to the comments for this post? [...]