FHA Home Loan Rates January 11 – Treasury Rate Yields Stablize Interest Rates
Posted on | January 11, 2010 | 1 Comment
FHA home loan rates for January 11th, 2010 are stable as treasury rate yields are slightly changed. Mortgage interest rates have seen sideways movement over the last week as the 10 year treasury rate yield is experiencing a cooling off period after a from 3.2% to 3.85% in less than one month. This high consolidation period was something that had to happen as yields continue continue higher forever.
At the present time the conventional 30 year fixed rate mortgage is at 4.97% while the 15 year fixed rate mortgage is at 4.37%. The conventional 5/1 ARM is up slightly to 3.99%. With the 30 year fixed remaining under 5% there is still a great opportunity to save money on a home refinance. Many analysts are predicting higher interest rates in 2010 but no one knows when they will start a strong move up.
There are many mortgage lenders that are currently advertising mortgage interest rates well below 5%. If you have a significant amount of equity in your home and you have a credit score above 740 then you have a very good chance to refinance below 5%. Do not miss out on this opportunity as it may not last.
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: Mike Garner
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January 11th, 2010 @ 12:58 pm
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