Mortgage Rates Stuck at 4.75

July 25, 2010
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Mortgage Rates Hold Close to All Time Lows

According to a rate research website, the conventional 30-year fixed mortgages are available at 4.75% for well-qualified consumers that pay a standard .07 to 1 point.

Today’s 15-yr fixed rate is 4.125%, and the 5/1 ARM rate 3.625.

The FHA mortgage rates continue to mirror those of conventional loans. Whereas FHA loans do offer similar rates, the closing cost associated with those rates is significantly higher. The 30-year fixed jumbo loans are available at 5.625% with little better rates (5.5) for borrowers with an extremely low LTV. Mortgage-backed securities prices that drive mortgage rates in the opposite direction have been flat in the month of March.

In just a week until the much anticipated end of government MBS purchasing. The Fed says ideally the end of buying, set for March 31st, will cause only a slight rise in mortgage rates. Below are the current mortgage rates.

Current Mortgage Rates

* 30-yr fixed rate – 4.750%

* 15-yr fixed rate – 4.125%

* 5/1 ARM rate – 3.625%

* FHA 30-yr fixed rate – 4.750%

* FHA 15-yr fixed rate – 4.500%

* FHA 5/1 ARM rate – 3.625%

* VA 30-yr fixed rate – 4.875%

* Jumbo 30-yr fixed rate – 5.625%

* Jumbo Conforming 30-yr fixed rate – 4.875%