How low can rates go?

30 Year Conventional Mortgage Falls to near record low.   Reuters Article

Keep an eye on the 10year Bond to see if that goes lower today.  The 30 year Conventional closely follows the 10 year bond.. 
I would think at some point this will not impact rates anymore – I mean at what point do they pay you to borrow money?
Below are the Rates offered by Edina Realty Mortgage as of this morning.  (disclosure, I am affiliated with Edina Realty).

Today’s mortgage rates

 Interest RateAPR
30yr Fixed Conforming 4.375% 4.560%
30yr Fixed FHA 4.250% 5.087%
15yr Fixed Conforming 3.375% 3.692%
7yr ARM Conforming 3.000% 3.170%
5yr ARM FHA 3.250% 3.147%
30yr Fixed Jumbo 4.500% 4.644%

Rates as of 8/10/2011 10:42 AM Central

Important disclosures, assumptions
and APR View/print

Get more rates »

Rates provided by: Edina Realty Mortgage


1 Comment

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One response to “How low can rates go?

  1. Pingback: 30 Year Conventional Mortgage rate historical perpective « craigkamman

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