30 Year Fixed Rate Mortgage dips to 4.51%

This week  the Average 30 Year Fixed Rate Conventional Mortgage dipped down to 4.51%.    The rates have been trending upwards, and has begun to show some signs of slowing the housing market down.

It is difficult for me to predict future rates, although as you can see in the chart below – these current rates are still historically low.

09292013 Mortgage 30 year rates

Edina Realty Mortgage Rates are slightly better than the national average.  Here is their update as of 8/29/13 or check out live rates here.

15yr Fixed Conforming 3.375% 3.692%
30yr Fixed Conforming 4.500% 4.686%
30yr Fixed FHA 4.250% 6.003%
7yr ARM Conforming 3.625% 3.397%
5yr ARM FHA 3.125% 3.938%
30yr Fixed Jumbo 4.500% 4.644%

Rates as of 8/29/2013 1:21 PM Central

Important disclosures, assumptions
and APR View/print

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Realtor. Twin Cities Area specializing in New Construction, Development and Investment Properties.