New Rates

[jadeite788]

Has anyone seen it.  I just checked the rates for FHA for the Texas downpayment assistance 5.25%/5.457%.    something in the water or what.  

[swtneka]

OMG that is ridiculous!

[jzsnow]

Guess I'll be in my single wide trailer for a while longer...that sucks!

[jadeite788]

im going FHA.   I know the rates are lower for conventional loanns,  I think there rates is around 4.5-4.75. This is absurd.

[swtneka]

i was quoted 4.7.... im praying the increase in score that i expect in couple of weeks will give me 4.5.

[Sunshine85]

Wells is showing 4.75 for conventional and FHA. The 5/1 ARMs are the only products still in the threes. 

The recent rate spike is highly frustrating. 

[jadeite788]

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@Sunshine85 wrote:

Wells is showing 4.75 for conventional and FHA. The 5/1 ARMs are the only products still in the threes. 

The recent rate spike is highly frustrating. 

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i know and it makes me mad since now im Am house hunting again

[Elcid89]

Fixed mortgage rates usually cue off of the yield on 10 year Treasuries. We've actually see a tiny bit of pullback in that regard this week. The average on Freddie Mac 30 year conforming fixed dropped a tad to 4.37% after hitting 4.51.

Bottom line: you may see some modulation, but absent a statement from Bernanke that the Fed is absolutely not going to ramp down QE3 buying this year, rates are not going back down to any meaningful degree.