Currently viewing the tag: "fha mortgage rates"

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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Last week, the trend reversed and mortgage bonds made up two-thirds of the prior week’s losses. Both conventional and FHA interest rates clawed back in a rather surprising rate rally.

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FHA loan rates had a nice day on the release of the Fed’s minutes from the March meeting.

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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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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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