Mortgage Blog

I just tried to quote one of the prospects about 15 yr fixed high balance conforming loan. And the rate is already 3.875% now with no closing cost. Even the conforming loan rate is 3.625% now for 15 yr fixed. I checked my records, this rate about the same level as of May 2011. Not bad, is not it? So that means the rate may go higher.

And for 2010, the 15 yr fixed rate is over 4%. And 30 yr fixed rate over 4.5%. So we are still not at those levels yet. And I now I believe that the current rate is still at the "history low".