September 5, 2010 (FreeRateUpdate.com) – Mortgage rates may tick up Tuesday following Friday’s decline in mortgage-backed securities prices -10/32 (FNMA 30-yr 4.0 at 102.24), which move mortgage rates in the opposite direction. Further deterioration of MBS prices is what could drive current mortgage rates higher.
Current 30-year fixed mortgage rates are at 4% for now for well-qualified consumers who pay a standard .07 to 1 point origination. Current 15-year fixed mortgage rates are at 3.625%. Both fixed mortgage interest rates today are at all-time record lows.
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