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This is part of an ongoing series of articles that addresses frequently asked questions relating to FHA loans. Today we will answer the following question: How.
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fha loan FHA Rates – Current FHA Interest Rates, Best 30-year Rate – fha rates check the Current fha interest rates today. For example, 15-year fha rates have dropped below 4% and the 30-year FHA rates range from 3.125% to 3.5%. Mortgage rates were mixed today following the much-anticipated congressional testimony by Fed Chair Jerome Powell.
An FHA (federal housing administration) loan is a government-backed home mortgage loan with more flexible lending requirements than conventional loans. Because of this, FHA mortgage interest rates may be somewhat higher. The buyer may also have to pay monthly mortgage insurance premiums, along with their monthly loan payments.
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