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FHA Home Loan Rates February 5 – Today’s Mortgage Rates Drop to New Lows

admin — Fri, 05 Feb 2010 17:56:04 +0000

FHA home loan rates for February 5th, 2010 have dropped to new lows. Today’s mortgage rates continue lower and are getting very close to the lows of 2010. At the present time the conventional 30 year fixed mortgage rate is down to 4.81% while the 15 year fixed mortgage rate is down to 4.22%. Many mortgage lenders are reporting that FHA home loan rates are coming in very close to conventional mortgage rates.

With mortgage interest rates getting very close to 2010 lows many homeowners will consider refinancing in the near future. The problem that many mortgage lenders are seeing is that the amount of refinance activity continues to dwindle because those who have the ability to refinance have already done so. This is why there are so many television advertisments for first time home buyers.

Those who have been in the industry know that they should focus their efforts on first time home buyers because those who were looking to refinance have already done so. It will be very interesting to see if mortgage rates move up towards 6% quickly if the number of refinance applications will rise. It is likely that many homeowners will swarm to mortgage lenders in hopes of getting the last few weeks of mortgage rates; only time will tell.

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:

FHA Loan Rates

Author: Jeremy North

FHA Home Loan Rates February 2 – Bank of America Home Loans Drop Today

admin — Tue, 02 Feb 2010 19:18:08 +0000

FHA home loan rates for February 2nd, 2010 are down significantly. Today we are seeing Bank of America home loans drop as the conventional 30 year fixed mortgage rate is down to 4.84% while the 15 year fixed mortgage rate is down to 4.25%. The conventional 5/1 ARM is also down to 3.72%. At the present time many lenders are reporting that FHA rates are coming in very close to conventional mortgage rates.

It would be a very wise decision to contact your mortgage lender to get a much more accurate FHA rate quote. If you are looking for Bank of America mortgage rates you should have very little difficulty contacting them. This big bank has worked very hard to improve the amount of individuals they have to take your calls when it comes to home loans.

The current low interest rate environment we are in is eventually going to come to an end. By that point almost everyone will have seen a Bank of America home loans advertisement. This is exactly what Bank of America desires; to be the name you think of when you think of mortgage rates. Only time will tell when mortgage rates are going to move higher but do not wait and watch this happen.

FHA Loan Rates

Author: Jeremy North

FHA Home Loan Rates February 1 – Mortgage Rates Mixed Today

admin — Mon, 01 Feb 2010 20:19:06 +0000

FHA home loan rates for February 1st, 2010 are mixed today. We are seeing the conventional 30 year fixed mortgage rate down to 4.85% while the conventional 15 year fixed mortgage rate is up to 4.31%. The conventional 5/1 ARM is also down to 3.8%. At the present time conventional mortgage rates and FHA home loan rates have been very similar. It would be wise to contact your lender to get a much more accurate rate quote.

The 10 year treasury rate yield has been higher today but it has done very little to affect mortgage interest rates. Many analysts continue to state that they feel that mortgage rates are going to move higher in the very near future. It will be interesting to see when this move higher starts but do not be surprised if it happens in February or March as the Fed plans to stop buying mortgage backed securities by the end of March 2010.

With this being the case it might be wise to lock into a low FHA home loan rate in early February rate than wait. The longer you wait the more likely it is going to be that you see higher mortgage rates. Do not be surprised to see the 30 year fixed mortgage rate move up one full percentage point when the Federal Reserve Bank stops purchasing mortgage backed securities.

FHA Loan Rates

Author: Jeremy North

FHA Home Loan Rates January 28 – Mortgage Rates Move Up Today

admin — Thu, 28 Jan 2010 17:26:54 +0000

FHA home loan rates for January 28th, 2010 have moved up today as the 10 year treasury rate yield is bouncing off its 50 day moving average. At the present time the conventional 30 year fixed mortgage rate is at 4.87% while the conventional 15 year fixed mortgage rate is at 4.26%. The conventional 5/1 ARM is also up to 3.85%. We at Subprime Blogger predicted that the bounce off the 50 day moving average would push mortgage rates higher and that is exactly what has happened.

The 10 year treasury rate yield and the 30 year fixed rate mortgage have had a very strong correlation since 1971. Expect that correlation to get even stronger in the coming months as the Federal Reserve Bank is going to stop purchasing mortgage backed securities. There is little doubt that the 10 year yield is in an uptrend which is likely to push mortgage rates above 5% and possibly much higher.

We might have seen the low point for mortgage rates in 2010 if the 10 year yield starts a strong uptrend. Over the last few days we saw the 10 year yield as low as 4.79% but those opportunities might disappear if the strength in the 10 year yield continues. It might be wise to take action today if you are looking to lock in to a low mortgage rate.

FHA Loan Rates

Author: Jeremy North

FHA Home Loan Rates January 27 – Mortgage Interest Rates Drop to 2010 Lows Today

admin — Wed, 27 Jan 2010 18:39:07 +0000

FHA home loan rates for January 27th, 2010 have dropped to 2010 lows. We are currently seeing the conventional 30 year fixed mortgage rate at 4.78% while the conventional 15 year fixed mortgage rate is down to 4.21%. The conventional 5/1 ARM is also down to a new low of 3.62%. The 10 year treasury rate yield is sitting right on its 50 day moving average which could hold as support but we are waiting to see the next move.

If the 50 day moving average for the 10 year yield holds as support then you can expect mortgage interest rates to move back up. We might be seeing the last of low mortgage interest rates if this is the case. Many analysts have predicted higher interest rates in 2010 and this might be the last fall out before the 30 year fixed mortgage rate starts moving back towards 5% and possibly even higher.

No one knows when mortgage rates are going to start moving back up but it is likely to happen. The Federal Reserve Bank plans to stop purchasing mortgage backed securities in March of 2010 which is sure to affect mortgage rates. Many analysts have predicted that this is going to push mortgage rates up as much as .5% to 1%; only time will tell.

FHA Loan Rates

Author: Jeremy North

FHA Home Loan Rates January 26 – Mortgage Interest Rates Decline

admin — Tue, 26 Jan 2010 18:10:27 +0000

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.

FHA Loan Rates

Author: Jeremy North

FHA Home Loan Rates January 20th – Mortgage Rates Drop to 4.85%

admin — Wed, 20 Jan 2010 23:07:15 +0000

FHA home loan rates for January 20th, 2010 continue to drop as the conventional 30 year fixed mortgage rate is down to 4.85%. The conventional 15 year fixed mortgage rates is also down to 4.27%. FHA home loan rates have been coming in very close to conventional mortgage rates over the last few months but it would be wise to contact your lender and see what FHA home loan rate you qualify for.

Over the month of January conventional mortgage rates have moved between 4.8% and 5%. This tight range came after a month in which the range was 4.49% to 5.35%. This narrowing range could be a sign that mortgage rates are finishing up the bottoming out process before moving higher. Many analysts have already predicted that mortgage rates are likely to move higher starting in the spring of 2010.

If you have been thinking about refinancing your current home loan then it might be a good idea to take action sooner rather than later. If you continue to wait you could be looking at 30 year fixed mortgage rates that are closer to 6% than 5%. This would defeat the entire purpose of refinancing so make sure to take advantage of the current low interest rate environment.

FHA Loan Rates

Author: Mike Garner

FHA Home Loan Rates January 11 – Treasury Rate Yields Stablize Interest Rates

admin — Mon, 11 Jan 2010 17:20:39 +0000

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.

FHA Loan Rates

Author: Mike Garner

FHA Home Loan Rates January 7 – Mortgage Rates Mixed Today

admin — Thu, 07 Jan 2010 19:14:49 +0000

FHA home loan rates for January 7th, 2010 are mixed today. The conventional 30 year fixed mortgage rate is up to 4.96% while the 15 year fixed mortgage rate is down to 4.36%. The conventional 5/1 ARM is also down to 3.9%. We are currently seeing the 10 year treasury rate yield move sideways at 3.82% which is likely the reason mortgage rates are mixed.

By looking at a chart of the 10 year treasury rate yield you can clearly see that the yield is consolidating sideways between 3.75% and 3.85%. At one point we are going to break out of this range and it will be a good indicator as to where mortgage rates are headed. If we see the 10 year yield break below the 3.75% level then mortgage rates are likely to move back to the 4.75% range. If the yield moves above 3.85% you can expect to see mortgage rates above 5% very soon.

This consolidation pattern could last for quite a long period of time; possibly even weeks. We will keep you updated on the 10 year yield and update the 30 year fixed mortgage rate as well. Many analysts have predicted that the uptrend of the 10 year yield is going to push mortgage rates much higher; only time will tell.

FHA Loan Rates

Author: Alan Lake

FHA Home Loan Rates January 6 – Mortgage Interest Rates Steady Today

admin — Wed, 06 Jan 2010 17:33:25 +0000

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.

FHA Loan Rates

Author: Heather Best