In two weeks, fixed conforming and FHA loan rates dropped 0.5 percent pretty much across the board in the continued yo-yo-ing of rates. Where is this mortgage rate volatility coming from ? One possibility is that financial institutions are still extremely wary of holding on to these securities for any period of time so market volatility is not being filtered anymore and showing up directly in rates.

Jumbo remains largely unchanged.
as of 06/26/2009 03:30 AM Eastern
Product Interest Rate APR
Conforming1and FHA Loans
30-Year Fixed 5.375% 5.571% Down 0.5
30-Year Fixed FHA 5.500% 6.245% Down 0.5
15-Year Fixed 4.875% 5.204% Down 0.5
5-Year ARM 4.625% 4.331% Down 0.375
5-Year ARM FHA 4.500% 3.790% Down 1.125
Larger Loan Amounts in Eligible Areas – Conforming and FHA.
30-Year Fixed 5.500% 5.643% Down 0.5
30-Year Fixed FHA 5.750% 6.451% Down 0.5
5-Year ARM 4.750% 4.326% Down 0.5
Jumbo2 Loans – Amounts that exceed conforming loan limits1
30-Year Fixed 6.250% 6.399% Down 0.125
5-Year ARM 5.125% 4.468%