Question: What Is The Current FHA Interest Rate?

*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 Loan30-Year Fixed Loan
House price$220,000$220,000
Loan amount*$199,980$198,000
Interest rate4.5%4.875%

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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

Term30-year fixed – FHA
Rate4.125%
APR5.188%

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.