Fixed Mortgage Rates Rise 1/8

Falling mortgage-backed securities prices have pressured conventional fixed mortgage rates, which move in the opposite direction, up this week to 1/8 above all time record lows.  30-year fixed-rate mortgages are at 4% for well-qualified borrowers who pay about 1 point origination.  Today’s 30-year fixed fha mortgage rate is also 4%; however, MI and FHA fees make closing costs higher on an FHA loan, even at the same note rate and origination.

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About dherries
Dave and Sally Herries and The RealtyColorado Team - Real Estate Broker serving the metro-Denver area. Offering properties in urban, sub-urban and rural areas. Our mission statement is "Enriching lives through real estate."

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