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Mortgage Rates: Lock Now! Today's 30 Year Fixed Mortgage Rate at 4.875% with Zero Buy Down Points
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Mortgage Rate Shopping? Buy Today.
If you missed the boat here's your second chance.
Today is Friday, August 14th, 2009. Mortgage rates are once again below 5%. Good news for the housing sector.
Current Mortgage Rates: Conforming, FHA Loan Rates, and Conforming Jumbo Loans.
30 Year Fixed Mortgage Rates are currently at 4.875% with zero buy down points according to FreeRateUpdate.com research of wholesale mortgage lenders rate sheets.
For many this represents a opportunity, possibly a last chance to lock a fixed 30 year mortgage under 5% today.
The benchmark 10 year treasury yield declined yet again finishing the day at 3.558. It was as high as 3.85 earlier in the week. The 10 year treasury yield benefited from Fed bond auctions Tuesday through Thursday and yesterday's weak retail sales report.
The future for mortgage rates is unknown as the government winds down their treasury purchase program which was aimed at keeping mortgage rates low. That program is scheduled to expire as planned in October amid an apparent US economic recovery.
Mortgage refinance has suffered during the last few weeks of higher mortgage refinance rates. Refinance activity is heavily dependent on mortgage rates while purchase loan applications rely more on buyer confidence.
Mortgage Rates | Mortgage Rate Predictions | Mortgage Rates Current (rates posted by loan officers)
Other notes: My research into mortgage net branch programs still determines the best is Supreme Lending. FreeRateUpdate.com now offers a free mortgage rate widget so if you have a website you can display mortgage rates free to your visitors.
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