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Conventional 30-year fixed mortgages remain available at 4.375% for well-qualified consumers paying a standard origination fee of about 1 point. 15-year fixed mortgages remain available at 3.875%.

It's not just conforming mortgage rates that are low, FHA mortgage rates continue to mirror those of conforming mortgages. Today's 30-year fixed FHA loan rate is also 4.375%. Despite FHA loans being available at the same note rate as a conforming mortgage, APR is higher because of MI and other FHA fees. Still FHA loans have been most popular among home-buyers with an attractive minimum down-payment of just 3.5%

30-year fixed jumbo loans are available today at 5.375%.

FreeRateUpdate.com researches over 2 dozen wholesale lenders' rate sheets for brokers on a daily basis to determine the most accurate rates available to well-qualified borrowers at a standard origination fee of .07 to 1 point.

Wells Fargo, the #1 volume originator of new mortgages, is advertising on their website today a 30-year fixed-rate of 4.75% with an APR of 4.939.

Mortgage-backed securities prices, which drive mortgage rates in the opposite direction, have benefited from the recent drop in stocks. As investors wary of the volatile stock market flee to the safety of bonds, MBS prices typically go up, pushing mortgage rates down.

Today's Mortgage Rates - Available today at a standard origination fee of 1 pt to well-qualified borrowers:

• 30-yr fixed-rate - 4.375%

• 15-yr fixed-rate - 3.875%

• 5/1 ARM rate - 3.500%

• FHA 30-yr fixed-rate - 4.375%

• FHA 15-yr fixed-rate - 4.000%

• FHA 5/1 ARM rate - 3.500%

• VA 30-yr fixed-rate - 4.500%

• Jumbo 30-yr fixed-rate - 5.375%

• Jumbo Conforming 30-yr fixed-rate - 4.625%

Conventional = Standard, Conforming, Freddie Mac / Fannie Mae

by Ed Ferrara