Fha loan current interest rate – An fha loan is a mortgage insured by the federal housing association. On tuesday december 29th 2020 the average apr on a 30 year fixed rate mortgage fell 1 basis.
This makes these loans even more attractive.
Fha loan current interest rate – Fha mortgage rates hew closely to the mortgage rates on traditional home loans. Another positive of fha loans is that it is relatively easy for borrowers to qualify for them. If the average interest rate on a 30 year fixed rate mortgage stands at 5 4 percent you can figure that the average fha mortgage rate is nearly the same. Fha loan current interest rate
Fha loans annual percentage rate apr calculation assumes a 255 290 loan 250 900 base amount plus 4 390 upfront mortgage insurance premium with a 3 5 down payment monthly mortgage insurance premium of 176 30 and borrower paid finance charges of 0 862 of the base loan amount plus origination fees if applicable. Fha loan current interest rate