November 17th, 2010 8:47 AM by Scott Bray
Please consider this a warning if you want to take advantage of some of the lowest interest rates in 60 years! Over the past 2-3 weeks, mortgage rates have slowly risen off their best rates of the year. The nice thing is rates are still at "Oh my Gosh" that low! That's the comment I get when people ask me on the street.
The best conventional/FHA/VA 30 year fixed mortgage rates have risen into the 4.25% to 4.50% range for well-qualified borrowers. The best conventional/FHA/VA 15 year fixed mortgage rates have risen into a range between 3.500% and 3.875%. I STILL won't endorse an ARM. Fixed rates are too attractive at these levels.
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