FHA Home Loan Rates October 8 – Current Mortgage Rates Stable

FHA home loan rates for October 8th, 2009 have remained stable for much of the morning. The 30 year fixed conventional mortgage rate is currently at 4.9% while the 15 year fixed is at 4.37%. FHA home loan rates are generally between .5% and .75% higher than conventional rates so you can do the math and figure the the 30 year fixed FHA mortgage rate is currently at 5.65%. Do not expect this lack of volatility to continue as October is sure to be an interesting month for mortgage interest rates

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