Mortgage Rates at a 46 Year Low Today

I just got an email notifying me that FHA Mortgages are at their lowest point in 46 years! The par rate is 4.5%. That means if you pay more up front, you can get an even less expensive rate.

BankRate.com has the par rate of some 30 year fixed conventional rates at 4.534%, 15 year fixed mortgages at 4.058%, and 5 year arms at 3.1%! Incredible.

From a monthly payment, standpoint, you are going to be paying a lot less on your home. These ridiculously low mortgage rates make it an incredible time to buy or refinance. Who knows how long they will last.

via Utah Real Estate Mortgage Information » Mortgage Rates at a 46 Year Low Today.

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