FHA Home Loan Rates October 31 – Rates Unchanged Today
Posted on | October 31, 2009 | No Comments
FHA home loan rates for October 31st, 2009 have been unchanged today which is absolutely no surprise. Weekends in the fall are always slow for mortgage interest rates. The conventional 30 year fixed mortgage rate is at 4.8% while the 15 year fixed mortgage rate is at 4.27%. The conventional 5/1 ARM is actually up slightly to 3.82%. FHA home loan rates are generally .5% to .75% higher than conventional mortgage rates.
The 10 year treasury rate yield dropped down to its 50 day moving average so next week should be very interesting. We are either going to see the yield bounce off support or there is going to be a breakdown and yields are going to go much lower. Either way, expect to see mortgage rates greatly affect by the actions of the 10 year treasury rate yield.
If you have been thinking about refinancing or getting your first mortgage now is as good of a time as ever. With conventional mortgage interest rates below 5% now might be the time to take action and lock in to a low mortgage rate. There are many lenders out there who are advertising mortgage rates this low so make sure to take action.
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: Heather Best
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