FHA Rates

The government stimulus program invested billions in an effort to keep FHA rates low and affordable for American consumers. Like traditional loan programs, FHA interest rates are affected by the stock market, the economy and the Federal Reserve.

FHA Mortgage Rates Dropped to 4.5% in 2010 for Fixed Rate Loans

In 2010 the Fed chairman, Ben Bernanke renewed his commitment to low FHA rates in an effort to spur the housing recovery across the nation. The record low FHA mortgage rates have helped many Americans avoid foreclosure by encouraging lower monthly payments via refinancing.

FHA mortgage rates are unique because they do not vary from program to program. For example, the FHA rate for the streamline is the same as the FHA loan for first time home buyers. The 30-year FHA mortgage rates continue to be available for qualified applicants below 5%. Based on economic indication we believe FHA rates will likely rise in 2011 in a response to the rising inflation globally. Locking into a FHA mortgage loan today is highly recommended.