FHA home loan
rates for November 30th, 2009 are little changed but the 15 year fixed mortgage rate is up.  The conventional 15 year fixed mortgage rate is up to 4.15% while the conventional 30 year fixed mortgage rate is unchanged at 4.55%.  The conventional 5/1 ARM is also unchanged at 3.64%.  FHA home loan rates have been coming in very close to conventional mortgage rates and sometimes even lower.  Make sure to check with your lender to get an exact FHA home loan rate.

The 10 year treasury rate yield has dropped below the support level of the 200 day moving average and there is little argument against much lower mortgage rates in the near future.  The question that many current home owners have is “how low will mortgage rates go?”  It is very hard to answer this question as the Federal Reserve Bank is doing everything they can to force interest rates lower to spark interest in the housing market.

Full story is available on Subprime Blogger