FHA mortgage rates are affected by a lot of the same factors as conforming Fannie and Freddie backed mortgages. Prices of mortgage-backed securities, driven by investor demand affected by the stock market and inflation to name a few things, move FHA mortgage rates in the opposite direction. Today when President Obama detailed a plan of bank regulation, the stock market dipped on a sell off, investors weary of the market turned to bonds and securities pushing MBS prices up and mortgage rates down. FHA mortgage rates are improving as a result. While much of the media coverage on FHA loans has been proposed guideline changes, including an increase in required down payments, fact is FHA loans account for 1/3 of all new mortgages and FHA mortgage rates are historically low. The home buyer tax credit, opened up to most and extended through April of 2010 has made FHA mortgages even more popular.
FHA Mortgage Rates Today
FHA mortgage rates today are hovering above all time record lows. We detailed just 2 months ago the fact wholesale lender’s were offering FHA 30 year fixed mortgage rates at par as low as 4.5%. Today’s FHA mortgage rates are slightly higher but trending downward. FHA 30 year fixed mortgage rates today at par are as low as 4.75%, down from over 5% just over a week ago.
FHA 15 year fixed rates today are as low as 4.5% at par. FHA 5/1 ARM rates are as low as 3.875%.
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