FHA Interest Rates
Last week brought a third-consecutive week of FHA loan rate improvement. On the heels of a dismal University of Michigan Consumer Sentiment report on Friday, rates followed through and finished off the week strong.
We go into this week with a few key readings, namely, the CPI and PPI.
Current Status: Inflation Low. Rates Low.
If that current status shows inflation is heating up, rates will jump.
This week also welcomes the new FHA Streamline Refinance changes and that brings on a new world to the FHA mortgage refinance. The new FHA loan requirements on the refinance are essentially “normal” on the “streamline” refinance.
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