FHA home loan rates for January 4th, 2009 are down as the conventional 30 year fixed mortgage rate is right at 5%.  The conventional 15 year fixed mortgage rate is at 4.45% and the conventional 5/1 ARM is up slightly to 4.14%.  The 10 year treasury rate yield has pulled back slightly today which is a strong indicator that mortgage rates are going to be stable to down.  It will be interesting to see how mortgage rates and the 10 year treasury rate yield move over this first week of January.

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