FHA mortgage rates

FHA Mortgage Rates remain low at 4.5% with most wholesale lenders and banks. 

Mortgage Rates for both FHA and Conforming have been low due in large part to the unrest in the Middle East and the Japan disaster.  The Federal Reserve Board announce yesterday they would be selling mortgage backed securities they bought as part of the initial stimulus program to keep mortgage rates low.  They are going to sell up to $10 billion/month of mortgage backed securities held in reserve.  This had little effect on market mbs pricing and mortgage rates held steady.  The 30 year fixed FHA mortgage rates are ranging from 4.25% – 4.75%. 

FHA Mortgage Rates

FHA Mortgage Rates see improvement with flight to safety.  Bond traders are buying Ginnie Mae Mortgage backed securities, and treasury n0tes driving up prices and driving down yields.  FHA Mortgage Rates are benefiting from the unfortunate tragedies of the Japan Sumami and Nuclear disaster right after the unrest in the Middle East which caused concern over oil production.  Mortgage rates should be headed higher in the absense of the these events, but since Japan is the 3rd largest economy a full blown nuclear meltdown could create an economic downturn globally.  This of course would push rates back down, possibly into the mid to low 4′s on the 30 year fixed FHA mortgage rates.  www.fha-rates-today.com