Current Mortgage Loan Rates

We’re going to open the week right on a tipping point on most loans. Depending on credit score, property type and all the normal details, the 30 Year Fixed rates were trying to break past that 5% mark when the market opened today.

We saw 4.875% early, but the market has sold off a little bit this morning.  We’re seeing equal movement both FHA and conventional.

We’re seeing the same ranges on the other loan products.  The 5/1 ARM at 3.875% at open, back up to 4% with many lenders. The 7/1 ARM is jumping around near 4.25% and the 10/1 ARM has had the least change to still rest right near 4.5%.

As mentioned in this week’s mortgage rate predictions, we expect much of the volatility to come from overseas news.  Weeks like this tend to be very volatile from day-to-day.  If you’re thinking about a lock, I wouldn’t think too hard.  Interest rates are at their best levels in 6 weeks.