Mortgage Rates Improve at the start of New Week 12/20/10

December 20, 2010

After last week’s fluctuations in mortgage rates, this week has started on a good note with mortgage rates seeing overall improvements in pricing.

All of the current conforming mortgage rates have dropped .125% from Friday. Today’s 30 year fixed mortgage rate is 4.750%, the 15 year fixed mortgage rate is 4.125% and the 5/1 ARM is 3.250%. These are the best mortgage rates available with 1% origination point to borrowers who have maintained excellent credit and approval status.

Today’s FHA 30 year fixed mortgage rate is 4.500% which is .125% lower than last week and still slightly lower than the 30 year conforming mortgage rate. The 15 year FHA fixed mortgage rate is 4.000% and the FHA 5/1 ARM is 3.250%, both remaining the same from last week. FHA mortgages have higher closing cost (APR) due to applicable FHA fees and an upfront mortgage insurance premium charged at closing.

Jumbo mortgage rates had mixed results today. Today’s 30 year jumbo mortgage rate is 5.250%, which is a decrease of .250%. The current 15 year jumbo mortgage rate remains the same at 5.000%. The jumbo 5/1 ARM is 4.125%, which is an increase of .125%.

Today’s Well’s Fargo Oklahoma 30 year fixed mortgage rate also saw improvement and is currently 4.875% (5.065% APR) which is a decrease of .125%.

MBS (mortgage backed securities) prices are up today +9/32 (FNMA 30 yr 4.5 at 102.11), approximately 28/32 higher than Friday. Mortgage rates are driven by MBS prices and move in the opposite direction. While the end of December is normally an unpredictable period, the first half of this month has already proved to be erratic with prices that have fluctuated in both directions.

ZFG Mortgage surveys more than a dozen wholesale and direct Oklahoma lenders’ rate sheets to determine the most accurate mortgage rates available to well qualified consumers at a standard 1 point origination.

For more info log on to

Categories: banks Oklahoma, banks Tulsa, broken arrow mortgage, brokers and lenders, creek county mortgage lenders, First time home buyers Tulsa, home loan Oklahoma, home loan Tulsa, home loans in tulsa area, home loans Oklahoma, home loans Tulsa, home mortgage, home mortgage Oklahoma, home mortgage Tulsa, homes, homes for sale, homes for sale Bartlesville, homes for sale enid, homes for sale jenks, homes for sale Muskogee, homes for sale ok, homes for sale Owasso, homes okc, homes oklahoma city. tulsa homes, homes tulsa, houses for sale Oklahoma, houses Oklahoma, Locate Tulsa mortgage companies, mls Oklahoma, mortage lender in the tulsa area, mortage lender in tulsa, mortage rates in tulsa, mortage rates tulsa, Mortgage, mortgage bank tulsa, mortgage banks in tulsa, mortgage calculator Oklahoma, mortgage company in tulsa, mortgage company tulsa, mortgage edmond Oklahoma, mortgage lender tulsa, mortgage lenders in the tulsa area, mortgage lenders in tulsa, mortgage lenders tulsa, mortgage lending company tulsa, mortgage loan, mortgage loan Oklahoma, mortgage loans, mortgage loans Oklahoma, mortgage ok, mortgage Oklahoma, mortgage oklahoma city, mortgage oklahoma city ok, mortgage rate Oklahoma, mortgage rate Tulsa, mortgage rate Tulsa mortgage calculator Oklahoma, mortgage rates, mortgage rates in tulsa, mortgage rates Oklahoma, mortgage rates Oklahoma city, mortgage rates Tulsa, mortgage Tulsa, mortgage tulsa ok, mortgage tulsa oklahoma, mortgages in tulsa, mortgages Oklahoma, mortgages Tulsa, new home in tulsa, new home tulsa, new homes in tulsa, ok mortgage, ok refinance, okc capital mortgage, okc mortgage, oklahoma, Oklahoma banks, oklahoma city homes, oklahoma city mortgage, Oklahoma finance, oklahoma home loan, oklahoma home loans, oklahoma home mortgage, oklahoma homes, oklahoma interest rate, oklahoma loan, oklahoma mortgage, oklahoma mortgage calculator, oklahoma mortgage lenders, oklahoma mortgage rates, oklahoma mortgage refinance, oklahoma mortgages, oklahoma real estate, oklahoma refinance, oklahoma refinancing, real estate, real estate tulsa, refinance Oklahoma, refinancing mortgage, Rogers County Mortgage Lenders, Tulsa banks, tulsa business consulting, tulsa business loan, tulsa business loans, tulsa federally insured loans, tulsa FHA loans, tulsa home loan, tulsa home loans, tulsa mortage company, tulsa mortgage, tulsa mortgage banker, tulsa mortgage banks, tulsa mortgage business, tulsa mortgage businesses, tulsa mortgage companies, tulsa mortgage company, tulsa mortgage lender, tulsa mortgage lenders, tulsa mortgage lending company, tulsa mortgage lending institution, tulsa mortgage lending institutions, tulsa mortgage rate, tulsa mortgage rates, Tulsa mortgage service details and contact information, tulsa mortgages, tulsa new home loan, tulsa new home loans, tulsa real estate, tulsa realtor, tulsa realtors, tulsa refinance, tulsa rural loans, tulsa sba loan, tulsa USDA, tulsa usda mortgage, USDA Home Loan, usda home loans Oklahoma, USDA rural development programs | Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Post navigation

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

Blog at

%d bloggers like this: