FHA Home Loan Rates January 6 – Mortgage Interest Rates Steady Today
Posted on | January 6, 2010 | 1 Comment
FHA home loan rates for January 6th, 2010 are steady. Today we are seeing the conventional 30 year fixed mortgage rate at 4.95% while the conventional 15 year fixed mortgage rate is at 4.33%. The 5/1 ARM is at 4.02%. The 10 year treasury rate yield has moved up almost 2% today so do not be surprised to see mortgage interest rates move higher in the very near future.
There is a clear uptrend on the 10 year treasury rate yield which is a strong indication that the 30 year fixed mortgage rate is likely to move higher in 2010. With the 10 year yield being well above its 50 and 200 day moving average there is little argument that there has been a bull run in treasury yields. The question is going to be how much longer will it last?
No one knows the answer to this question but if you have any doubts about mortgage rates staying low then it would be a very good idea to contact your mortgage lender today. With the 30 year fixed mortgage rate still below 5% there is no reason you should not attempt to lock into low interest rates before they are gone.
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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January 8th, 2010 @ 8:47 pm
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