This past week, mortgage rates have been clinging to their lowest levels of 2011 with little to no movement happening. Freerateupdate.com’s daily survey of wholesale and direct lenders show that, with the exception of jumbo 30 year fixed mortgage rates which decreased by .125%, all other mortgage rates continue to remain steady. Conforming 30 year fixed mortgage rates are at 4.375%, 15 year fixed mortgage rates are at 3.750% and 5/1 adjustable mortgage rates are at 3.000%. Available with 0.7 to 1% origination fee, these are the lowest conforming mortgage rates that can be obtained by borrowers who have maintained good credit and can produce the required documentation to receive lender approval.

Click Here to read the entire story: Realty Times – Mortgage Rates Clinging to Lowest Levels.

Advertisements