*FHA loan has 1 percent upfront premium added to loan amount.

FHA mortgages are insured by the FHA.

FHA Loan vs.

30-Year Fixed Loan.

FHA Loan | 30-Year Fixed Loan | |
---|---|---|

House price | $220,000 | $220,000 |

Loan amount* | $199,980 | $198,000 |

Interest rate | 4.5% | 4.875% |

3 more rows

## Will mortgage rates go down in 2019?

Freddie Mac has predicted this will be a year of low mortgage rates. The firmforecast says 30-year home loans will average 4.3% throughout 2019, down from an average 4.6% in 2018.

## What is the current housing interest rate?

Current Mortgage Rates Comparison

On July 31, 2019, according to Bankrate’s latest survey of the nation’s largest mortgage lenders, the benchmark 30-year fixed mortgage rate is 3.88 percent with an APR of 4.01 percent. The average 15-year fixed mortgage rate is 3.19 percent with an APR of 3.39 percent.

## What is the FHA interest rate today?

FHA mortgages

Term | 30-year fixed – FHA |
---|---|

Rate | 4.125% |

APR | 5.188% |

## Are FHA interest rates fixed?

According to financial Web site Bankrate.com, the average interest rate on a 30-year fixed-rate mortgage loan, including those insured by the FHA, stood at 5.04 percent in mid-February.