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Scroll down to go straight to the new FHA loan guidelines. WASHINGTON, D.C. – Mar. 2, 2010 – (FreeRateUpdate.com) – It’s about to get tougher to qualify for an FHA mortgage — a government insured, low-down payment home loan often considered the replacement loan for subprime mortgages. Moving to head off the financial impact of defaulting borrowers, the FHA is adding more-stringent lending requirements and higher fees borrowers must pay to get the federally-insured loans. Rising… Read more
Mar. 1, 2010 — (FreeRateUpdate.com) – FHA mortgage rates today are better than last week. Following several improvements in mortgage-backed securities prices, which led to several favorable re-prices by investors, FHA mortgage rates dipped by an 1/8 late last week. The FHA 30 year fixed rate dipped to 4.75 from 4.875. The FHA 5/1 ARM dipped to 3.625 from 3.75. 15 year fixed FHA rates didn’t change and remain at 4.5. Looking for the lowest FHA mortgage rates? Search local FHA mortgage… Read more
LOS ANGELES, CA — Feb. 19. (FreeRateUpdate.com) – FreeRateUpdate.com research of wholesale lenders’ rate sheets shows FHA mortgage rates remain nearly identical to conforming mortgage rates, rates of Fannie Mae FNM and Freddie Mac FRE products. Today’s FHA 30 year fixed rate, associated with .07 to 1 point origination (at par), is 4.875%. That’s actually the same as the conforming 30 year fixed and both are 1/8 higher than they were yesterday. Take that information with caution. A… Read more
LOS ANGELES, CA — Feb. 14. (FreeRateUpdate.com) – There has been talk, amid rising delinquency rates approaching 10% on FHA insured mortgages, that FHA will increase required down payments to 10, 20, even 30% for those purchasing homes with FHA loans. Despite the fact FHA delinquencies are at a all time high, this talk of a significant increase in FHA down payment requirements is unfounded. FHA has always been offering down payments of as little as 3%, even before the sub prime… Read more
Feb. 9 (FreeRateUpdate.com) – FHA mortgage rates continue to hold on a big day for the stock market. The Dow is now up over 200 points and climbing. Typically both conforming and FHA mortgage rates suffer on days the market posts big gains. This happens because bonds on those days are unpopular and the low demand effects price. Mortgage rates move the opposite bond prices. FHA mortgage rates are historically low and for the past month or so have been toe to toe with conforming mortgage rates… Read more
Feb. 8 (FreeRateUpdate.com) – With no major economic data set to be released today FHA mortgage rates are flat. FHA mortgage rates have been just above record lows for a few weeks now. Last week brought a slight pricing improvement. Pricing affects cost and if there’s a big enough pricing improvement lenders will adjust their mortgage rates. Both the conforming and FHA 30 year fixed rates have remained close to each other over the past month. Mortgage-backed securities, which push FHA… Read more
Feb. 5 (FreeRateUpdate.com) – Economically, if that’s a word, it was a wild week. FHA mortgage rates didn’t move at all. Despite mortgage-backed securities moving up and down in a volatile fashion, FHA mortgage rates had for the most part a boring week with just a few pricing changes affecting closing costs taking place. Pricing though has gotten so good this afternoon a falling stock market that 30 year fixed FHA mortgage rates are nearing 4.625%, a level we havent seen since the record… Read more
Feb 3. (FreeRateUpdate.com) – FHA mortgage rates are unbelievably low. It’s recent guideline changes though as well as increases in premiums that have caught all the headlines. FHA loans now account for about 1/3 of new mortgages. FHA 30 year fixed rates are as low as 4.75% at par. Par rates are the lowest available interest rates that do not include a buy down, also known as discount points. NEW: Looking for the lowest FHA loan rates? Search local FHA mortgage rates. Why then doesn’t… Read more
Feb 1. (FreeRateUpdate.com) – FHA mortgage rates open the week about the same as conforming mortgage rates. There has been many days in the past few months when FHA mortgage rates and conforming mortgage rates are very similar. Prices of mortgage-backed securities drive FHA mortgage rates in the opposite direction just as they do Fannie Mae and Freddie Mac products. Today MBS prices are slightly down as the first piece of economic data, personal income, came in about where expected, the… Read more
FHA mortgage rates are now better than conforming mortgage rates. According to our research of wholesale mortgage lender’s interest rate sheets FHA mortgage rates today at par held steady as conforming mortgage rates rose. The conforming 30 year fixed rate moved up to 4.875% for the first time this week. It had been steady at 4.75% all week. FHA mortgage rates, which all week have been at 4.75% all week as well, did not go up, edging out the conforming rate this afternoon. Prices of mortgage… Read more
On April, 05 2010, MI will be boosted to 2.25 and minimum credit scores will be raised. Read about this and other NEW FHA Loan Guidelines.
Delaware Mortgage - DE Mortgage Blog - John Thomas talks Delaware mortgages.
Minnesota Mortgage - MN Mortgage Blog - Josh Manier talks Minnesota mortgage.
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