FHA Home Loan Rates December 14 – 15 Year Fixed Rates Up
Posted on | December 14, 2009 | 1 Comment
FHA home loan rates for December 14th, 2009 are up across the board. The conventional 15 year fixed mortgage rate is up to 4.25% while the conventional 30 year fixed mortgage rate is up to 4.72%. The conventional 5/1 ARM is also up to 3.87%. FHA home loan rates are usually a little bit higher than conventional mortgage rates but many lenders are reporting that FHA rates are very close to conventional rates at the present time.
It would be a good idea to contact your lender and see what FHA home loan rate you will qualify for but please understand that you are going to have to submit a mortgage application to get a 100% accurate quote. Even if you qualify for a rate slightly higher than conventional rates this is still a great opportunity.
The 10 year treasury rate yield is currently moving sideways today but this comes after a move up from 3.2% to 3.53%. This strong move higher is one of the main reasons we have seen the 30 year fixed mortgage rate bounce of its all time low level of 4.49% that was set during the last week of November. No one knows where mortgage interest rates are going from here but it is still a great time to lock in to a low mortgage rate.
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
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One Response to “FHA Home Loan Rates December 14 – 15 Year Fixed Rates Up”
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December 14th, 2009 @ 12:45 pm
THanks for the INFO