FHA Home Loan Rates December 15 – Mortgage Interest Rates Up Today
Posted on | December 15, 2009 | No Comments
FHA home loan rates for December 15th, 2009 are up today. We are currently seeing the conventional 30 year fixed mortgage rate up to 4.78% while the conventional 15 year fixed mortgage rate is up to 4.28%. The conventional 5/1 ARM is also up to 3.82%. The 10 year treasury rate yield continues to move higher which is pushing mortgage rates very close to 5%. FHA home loan rate quotes have been coming in very close to conventional loan rates but make sure to check with your local lender for more accurate quotes.
The 10 year treasury rate yield is currently right at 3.6% which could be a very significant level. If the 10 year yield pushes much higher than this then it could make a straight shot for 4%. If this is the case then we can expect to see the conventional 30 year fixed mortgage rate very close to 5.5% which was the level it was at this summer.
It will be very intersting to see what happens at the end of Decemeber. For the entire month we have seen mortgage rates and the 10 year treasury rate yield move higher. Is this going to continue into 2010? I guess only time will tell but it looks like the 10 year yield is poised to move much higher which will mean mortgage interest rates above 5%.
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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