Currently viewing the tag: "fha mortgage rate"

The FHA loan rate approached its best levels since March on last week’s rally.

That marks two weeks in a row with considerable improvement and two weeks in a row where rates dropped due to “safe haven” buying.

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Mortgage markets tanked last week and the FHA interest rate saw its highest levels in a month. Wednesday was the bad day and saw the worst sell-off in over six months.

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However, no change to the Fed Funds Rate doesn’t always mean no change in FHA interest rates.

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The FHA interest rate lost ground last week for the first time in March.

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FHA Mortgage Rate Predictions | This Week | March 8, 2010

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The FHA interest rate improved last week pushed rates to their lowest levels since early February.

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The FHA interest rate was under heavy selling pressure all week and lost ground for the second week in a row. The primary causes were inflation figures that came in higher than expected and then two pieces of news from the Federal Reserve.

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FHA interest rates ticked higher last week, although they didn’t jump as much as they could have. It was the first time in five weeks that rates ticked higher.

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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.

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