4.25% 30 Year Fixed Rate
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Program Rate APR
30-Yr fixed 4.750 % 0.7 to 1
15-Yr fixed 3.750 % 0.7 to 1
5/1 ARM 3.125 % 0.7 to 1
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Mortgage Rates: Steady Overnight

As February continues into its final week interest rates are surprisingly steady despite news reports of Mideast strife. The benchmark 30-year fixed mortgage interest rate remains steady at 4.750%.

The 15-year fixed mortgage interest rate is at 4.000%, while that of the 5/1 ARM loan remains at 3.250%. Borrowers with good credit continue to be able to benefit from historically low interest rates with 0.7% to 1% origination point.

Conforming fixed rate mortgages are popular among borrowers as they offer set mortgage payments each month for the life of the mortgage.

FHA 30-year fixed mortgage rates are still at 4.500%, and FHA 15-year fixed rate mortgages are holding at 4.000 %. Rates for FHA 5/1 ARM loans are at 3.625 %. FHA mortgages require lower down payments, making them particularly sought after by buyers. Higher closing costs due to FHA fees as well as an upfront mortgage insurance premium do mitigate this built-in advantage.

Today’s 30-year jumbo mortgage interest rates remain at 5.375%, while 15-year jumbo mortgage interest rates are steady at 5.250%. Jumbo 5/1 ARM loan rates are at 3.875%. The rates represent the best jumbo mortgage rates extended on 0.7% to 1% origination fee to borrowers with good credit.

Wells Fargo California rates for 30-year fixed mortgages remain at 5.000% (5.191% APR). Mortgage Backed Securities (MBS) prices are up +1/32 (FNMA 30-year 4.5 at 101.14) after starting the day slightly down. Prices on the MBS market influence mortgage rates which trend in the opposite direction.

As events in Libya continue to point to an eventual change in regime there, with all that might portend for oil deliveries, Saudi Arabia sought to reassure markets. Word out of the kingdom was that Saudi oil exports would be increased to ease shortages should Libya be forced to cut back on petroleum exports.