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 [...]
Continue Reading →FHA loan rates improved again last week. That’s three weeks in a row. That’s back to 2010 lows. That’s back to the levels we saw in February and March right before they jumped.
Continue Reading →Fed Funds Rate to remain unchanged. FHA interest rates responded positively to the news and we avoided a massive sell-off that would have pushed loan rates higher.
Continue Reading →Of last week’s domestic news, they were all things that cause rates to go up. Yet, the FHA interest rate dipped for a 4th consecutive week.
Continue Reading →FHA interest rates have been under pretty heavy selling pressure for the past month. What this has done is drive the benchmark 30 year fixed rate up to about 5% today.
What we’re looking at is the graph of the Fannie Mae 4.5% bond, but the Ginnie Mae’s that drive the FHA loan rate have [...]
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