FHA Home Loan Rates January 26 – Mortgage Interest Rates Decline
Posted on | January 26, 2010 | No Comments
FHA Home Loan rates for January 26th, 2010 are down across the board. The conventional 30 year fixed mortgage rate is down to 4.83% while the conventional 15 year fixed mortgage rate is down to 4.23%. The conventional 5/1 ARM is also down to 3.7%. Many mortgage lenders have been reporting that FHA home loan rates are coming in very close to conventional mortgage rates but it would be wise to contact your lender.
The 10 year treasury rate yield is getting very close to its 50 day moving average which should serve as a level of support. If the 50 dma does serve as support you can expect a bounce in treasury yields which in turn will push mortgage rates higher. This could be the last hooray for low mortgage rates if there is a very strong bounce by the 10 year treasury rate yield.
Jamie Dimon, CEO of JP Morgan Chase, along with many other analysts have predicted that interest rates are likely to rise in the near future. If this is the case it might be a smart decision to get your mortgage application in sooner rather than later. You might miss out on saving a full percentage point on your FHA home loan 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: Jeremy North
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