Current FHA mortgage and interest rates - FHA rates today November 26, 2009
Posted under: Financing in Atlanta
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September 23, 2009 11:32 AM |
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FHA rates today November 26, 2009:
30 year fixed FHA Rates Today - 4.5%
15 year fixed FHA Rates Today - 4.125%
5/1 arm FHA Rates Today - 4.0%
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**30 year fixed FHA rates available at 4.25%
FHA Rates are determined by pricing and yeilds on Ginnie Mae Mortgage Backed Securities. Simply put these are bond issues comprised of FHA Mortgages. Here we will refer to these mortgage backed securities as Ginnie Mae/FHA so as not to be confused with other types of mortgage backed securities comprised of different types of mortgage loans.
There are various Ginnie Mae/FHA Mortgage Backed Security coupons being traded daily and they are 4.0 coupon, 4.5 coupon, 5.0 coupon, 5.5 coupon, and the 6.0 coupon. These investments are traded just like regular stocks and bonds on Wall Street. The buying and selling of these Mortgage Backed Securities will determine how secondary pricing deparments will determine current daily pricing at various rates.
When traders start buying up Ginnie Mae/FHA Mortgage Backed Securities the price increases and the yeild decreases. This will typically spur the secondary pricing departments at various lenders accross the county to increase the pricing at a particular rate, or improve rates. The actions they take depends on the net price increases on the underlying Ginnie Mae/FHA Mortgage Backed Securities at a particular coupon rate.
The opposite is also true when traders start selling off Ginnie Mae or FHA Mortgage Backed Securites forcing secondary to decrease pricing on delivery of a particular FHA Rate, or increase FHA Rates. Again, their actions depend on the net price decreases on the underlying Ginnie Mae/FHA Mortage Backed Securites at a particular coupon rate.
Click on the laptop or on the rates above for a quick quote with no social or personal information.
Apply online for the FHA Rates Listed with lowest closing costs anywhere.
Current Pricing on the Ginnie Mae/FHA Mortgage Backed Securities has been increasing as demand for 4.5 and 5.0 coupons have been increasing. This has pushed FHA Rates down once again creating an excellent opportunity to capture near all time low rates.
Click on the chart below for more information on Ginnie MaeFHA Mortgage Backed Securities, Fannie Mae Mortgage Backed Securities, current MBS pricing, and rate trends from Mortgage News Daily.
Thanks very much for reading and Watch for future posts from:
Jeff Hutchison - Senior Loan Officer with 15+ years experience
jhutchison@mychartermtg.com 888.280.5577
www.mychartermtg.com
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