Current Mortgage Rates Conf/FHA Steady

Prices of mortgage backed securities are up just a tad today steadying current mortgage rates, both conforming and FHA, under 5%. In the past few days we’ve seen FHA mortgage rates, particularly FHA 30 year fixed mortgage rates, dip below conforming mortgage rates. MBS prices, of which current mortgage rates move opposite, were pushed up today by weak economic data. In late 2009 mortgage rates set all time record lows when 30 year fixed mortgage rates dipped to 4.5% onsurging mortgage backed securities prices.

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