msgbartop
Mortgage News Blog publishes home loan articles for brokers, lenders and consumers. People trust our mortgage blog for breaking the financing stories that matter.
msgbarbottom

07 Jul 10 FHA Mortgage Rates Dip to New Lows

MBA reported that FHA mortgage rates dipped to record lows last week.  This spurred homeowners to go online to shop mortgage refinance rates.  According to a spokesman from the FHA Home Loan Company, “Many borrowers are making a last ditch effort to refinance their adjustable rate loan into a more secure fixed rate mortgage that guarantees no interest rate changes for thirty years.”  

FHA mortgage rates are available at 4.75% on fixed 30-year loan terms.  There is no pre-payment penalty for early pay-off and if the FHA interest rates drop, that borrowers can access the FHA streamline for rate and term refinancing.  FHA mortgage programs are more appealing and more affordable than ever.  Read the original article online FHA Home Loans for Refinancing and Home Buying

Share

Tags:

Switch to our mobile site