Posts Tagged ‘FHA vs Conventional’
Posted by Chris Richter in FHA Mortgages Thursday, 21 January 2010 08:47 No Comments
Securing an FHA mortgage is about to get more expensive.
The FHA announced Wednesday that it is making a few policy changes to reduce their overall risk.
Posted by Chris Richter in FHA Interest Rate Wednesday, 16 December 2009 11:21 No Comments
It’s been an interesting week for the FHA loan rates.
We’ve had every piece of bad news that mortgages could hear:
The economy is rebounding. We’re seeing expansion in nearly every key metric.
Housing is on a roll. This also has negative signals for the FHA interest rates.
Inflation is starting to creep up. Inflation equals higher rates.
Still, after [...]
Posted by Chris Richter in FHA Interest Rate Monday, 30 November 2009 12:37 No Comments
It’s been an incredible month for the Government loan programs.
Today, we’re looking at the 4.75% 30 Year Fixed Rate.
On October 16th, the discount points required to buy the loan down to 4.75% was 1.82%.
As of today, it’s…..0.000%.
This is a staggering 182 basis point run in just 45 days. On an average loan of $250,000, this [...]
Posted by Chris Richter in FHA vs Conventional Saturday, 28 November 2009 09:12 No Comments
Both the 30 Year Fixed Conventional and FHA loan rates dropped even lower this week. These rates are now pressing against some of the best rates of all time, set almost exactly one year ago.
FHA vs. Conventional
We’re going to look at another comparison. We’ll focus on a 700 FICO score, 5% down payment, and we’re [...]
Posted by Chris Richter in FHA Interest Rate, FHA vs Conventional Tuesday, 17 November 2009 11:51 No Comments
The FHA Loan Rates continue to trade within just a narrow margin relative to conforming. With credit scores driving the conventional mortgage rate and the associated PMI, here’s a comparison of how the FHA vs. Conventional dynamic changes based on credit score.
Today’s example uses a $300,000 home at 5% down. The FHA mortgage rate won’t [...]
