FHA Home Loan Rates December 2 – Mortgage Rates Up Today
Posted on | December 2, 2009 | 1 Comment
FHA home loan rates for December 2nd, 2009 are up slightly today as conventional mortgage rates have moved higher. The conventional 30 year fixed mortgage rate is up to 4.61% while the conventional 15 year fixed mortgage rate is up to 4.2%. The conventional 5/1 ARM is actually unchanged. FHA home loan mortgage rates have been reported as very close to conventional mortgage rates and sometimes even a tick or two below conventional mortgage interest rates but it is always a good idea to check with your lender.
The 10 year treasury rate yield has seen a very quick move higher over the last two days but this trend might end quickly as it is currently sitting right at its 200 day moving average. The 30 year fixed mortgage rate has slightly bounced with this movement but it does not look as if the 30 year fixed has reacted in a way to prove that the trend is going to change anytime soon when it comes to mortgage interest rates.
If you have been thinking about refinancing or buying your first home now is one of the best times in history to lock in to a low mortgage interest rate. There is little doubt that many home owners would strongly desire to have the opportunity to lock into a mortgage rate under 4.75% so please do not let this opportunity pass you by. It might be a smart idea to start the mortgage application as soon as possible and get it submitted before 2010.
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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One Response to “FHA Home Loan Rates December 2 – Mortgage Rates Up Today”
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December 5th, 2009 @ 9:53 am
Is there any information on refinancing or refinancing to an FHA loan if the debt to income ratio is high BUT it is only high because half of the income that was initially used to qualify for the home loan is not accepted any longer even though there has never been one missed or late payment AND there are two properties involved.
It does not seem fair especially if I am making the payments.