Mortgage rates are still historically low.  In fact These rates are thought to be the lowest yet.

as of 06/12/2010 01:00 PM Eastern
ProductInterest RateAPR
Conforming 1and FHA Loans
30-Year Fixed 4.750% 4.939%
30-Year Fixed FHA 4.750% 5.497%
15-Year Fixed 4.250% 4.573%
5-Year ARM 3.500% 3.594%
5-Year ARM FHA 3.375% 3.208%
Larger Loan Amounts in Eligible AreasConforming and FHA.1
30-Year Fixed 4.875% 5.012%
30-Year Fixed FHA 4.875% 5.575%
5-Year ARM 3.875% 3.679%
Jumbo1 Loans – Amounts that exceed conforming loan limits1
30-Year Fixed 5.500% 5.643%
5-Year ARM

 

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