Mortgage Rates News

what have the mortgage rates fallen to this week?

I know the mortgage rates fell this week, but what did they fall to? How long will this last? I am currently looking for a home, so it would be good info. to know. Thanks.

Public Comments

1. 30yr fixed with 5% down...720+ credit scores fell down to 6%....now they are trending around 6.125% and 6.25% FHA mortgages with 2.25% down.....are like 6.75%, and could be going up. Remember that a rate can be low but how many points you're paying is ANOTHER STORY. you can have a low rate, but is it worth paying an extra point or 2? http://freddiemac.com/ is the only legitimate website that shows you what the actual rates borrowers are ACTUALLY receiving. do not be fooled by advertisements.
2. Easy to find out. Check out Bankrate.com and you can see the most common mortgages right on their home page. It is a great site for all kinds of information on mortgages, loans, CD's, bonds, etc. Anything that has anything to do with rates. BTW, the most recent 30 yr fixed mortgage is 5.95%
3. right now a well qualified buyer can get a 5.875% on a 30 year fixed if you locked today thats interest rate not APR
4. Check out www.bankrate.com for current rates and explanations about why rates are where they are.