FHA Home Loan Rates December 22 – Mortgage Interest Rates Up Big Today
Posted on | December 22, 2009 | No Comments
FHA home loan rates for December 22nd, 2009 are up big today as the 10 year treasury rate yield is much higher at 3.75%. The conventional 30 year fixed mortgage rate is at 4.92% while the conventional 15 year fixed mortgage rate is at 4.36%. The conventional 5/1 ARM is also up 3.94%. Mortgage interest rates have been up much of December and this is mostly due to the 10 year treasury rate yield up trend.
Since the beginning of December the 10 year yield has moved from 3.2% all the way up to 3.75%. There is a very good chance that yields are starting to react to the fact that the Federal Reserve Bank is going to stop buying mortgage backed securities by the end of March; this is sure to push mortgage rates higher.
If you have been thinking about refinancing or getting your first mortgage now is a great time to get started. If you continue to wait you could see mortgage rates .5% to 1% higher. After the mortgage backed securities purchase program concludes you can bank on the fact that mortgage interest rates will be higher than they currently are.
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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