FHA Home Loan Rates November 19 – Mortgage Rates Hitting All Time Lows?
Posted on | November 19, 2009 | No Comments
FHA home loan rates for November 19th, 2009 are getting very close to all time lows. The conventional 30 year fixed mortgage rate is at 4.66% while the conventional 15 year fixed mortgage rate is at 4.24%. The conventional 5/1 ARM is at 3.69%. FHA home loan rates are generally around conventional mortgage rates or slightly higher but with the struggling economy FHA loan rates are being reported below conventional mortgage rates by some lenders.
Prior to applying for a FHA home loan it would be a very good idea to make sure to do some in-depth research. Contact some mortgage lenders and see if there are opportunities available for you. If you have found it difficult to make ends meet financially then a FHA home mortgage might be a great option for you. There are many lenders out there who will be willing to help you so do not let this opportunity pass you by.
The 10 year treasury rate yield has moved lower much of this week which has helped to push mortgage rates lower. If the 10 year yield continues lower then there is a very good possibility that we are going to see all time lows for mortgage interest rates in the very near future. The Federal Reserve Bank is going to stop purchasing mortgage backed securities by the end of March of next year; you can expect mortgage rates to increase when this is the case.
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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