Currently viewing the category: "FHA Interest Rate"

FHA Mortgage Rate Predictions = Irrelevant

On March 17, 2011 By

FHA interest rates have been on an absolute tear for the past few days.  The loan rate is controlled by trading on Wall Street, not the FHA.   HUD is “the FHA,” and their job is to maintain the underwriting standards.  For the most part, they only control who can get a loan, not the rate.

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FHA Interest Rates Rallying

On March 11, 2011 By

Interest rates had been in an ugly trend from October until just a few weeks ago. We’d seen rates rise by nearly a full 1.00%.

With the spring buying market already heating up, home affordability had definitely taken a hit over the past 4-5 months. However, it probably still made sense to buy with [...]

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Today’s FHA Interest Rates v. November’s

On February 25, 2011 By

FHA interest rates don’t exactly follow the Freddie Mac PMMS results, but they’re close enough that we can use them for comparison.

Yesterday’s survey had the 30 Year Fixed at 4.95% and had it at 4.30% back in November.

If you look at that on a normal FHA loan, 3.5% down, the payment difference is fairly signficant [...]

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30 Year v. 5/1 ARM

On February 8, 2011 By

The 30 Year Fixed has been the choice of borrowers for the past year or two.  The bad ARMs of the subprime world, those 2/28′s with the high adjustments, probably helped push us all towards a fixed-friendly state of mind.

In the past few months, we’re now seeing a historically huge gap between the [...]

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FHA Interest Rate Costs

On January 6, 2011 By

Mortgage rates have been increasingly lately.  While FHA rates are slightly higher, they haven’t been increasing as quickly as conventional loans have been.

The FHA interest rate has settled in near 4.75% lately after tempting the 5% levels.  It has been so volatile lately that many individual days have seen rate swings of that full 0.25%.

Lenders [...]

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FHA Interest Rate Predictions: Watch Inflation

On March 19, 2010 By

If you’re trying to gauge whether FHA interest rates will be rising or falling, one keyword for which to listen is “inflation”. Mortgage rates are highly responsive to inflation.

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FHA Interest Rates Rally Back

On February 5, 2010 By

Just a quick mid-day update: Since opening significantly lower after the jobs report, mortgage bonds have rallied. The FHA loan rates have recovered all of the losses from opening bell and are now up 18 basis points.

We are now overbought according to every technical signal so the market could move quickly if it reverses. [...]

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FHA Interest Rates Drop Today

On February 4, 2010 By

Our mortgage rate predictions aren’t looking so good this week.  We really thought that yesterday’s ADP report and tomorrow’s Non-Farm Payrolls account would be the market movers.  They weren’t.  Global fear turned out to be the main story, so far, this week.

Investors have pulled out of the stock market with the Dow now below [...]

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FHA Interest Rate Predictions: January 25, 2010 Edition

On January 25, 2010 By

Conforming and FHA mortgage rates improved last week on the combination of soft economic data and new talk from the White House about tightening up banking regulations.

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2010 FHA Mortgage Rate Predictions

On January 15, 2010 By

Mortgage rates hit all-time lows on December 1st and shot right back up during the month of December.   We came into 2010 with mortgage rates just trading higher one day, lower the next.

We’re starting to get some direction this week.  The FHA 30 Year Fixed rate has moved back to 5% and is now [...]

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