Articles Tagged With: Interest Rate Trends

July 22, 2015

FHA Mortgage Loan Interest Rate Trends

This week has been an interesting one for mortgage loan interest rates. In fact, for the last seven business days, rates have varied between flat to slightly improved. The best execution rates for 30-year fixed rate conventional mortgages have moved from 4.25% at the upper end of a range of best execution rates to between 4.0 and 4.125% depending on the lender. Tuesday saw mortgage loan rates fall to fourteen day lows–the rates have been improving in very small increments, but any change for the better is definitely welcome. FHA mortgage loan rates are still within the previously reported comfort zone between 3.75% and 4.0% best execution. It may take several days of sustained improvement at the current rate of change, or a day or two of more dramatic adjustments | more...

July 15, 2015

FHA Mortgage Loan Interest Rate Trends: Slightly Lower After Fed Testimony

By Joe Wallace

On Wednesday, mortgage loan rates improved slightly after semi-annual testimony by the Fed Chair was delivered to Congress. Rates didn’t improve all that much, but with 30-year fixed rate conventional mortgage loans, we’re seeing reports of more lenders offering best execution rates closer to the bottom of the four percent range than yesterday. FHA mortgage loan rates seem to have found a comfort zone, with best execution rates between 3.75% and 4.0% reported for many days now. Remember, your experience may vary–best execution rates are offered to borrowers with ideal credit scenarios. The rates you see reported here are not available to all borrowers or from all lenders. The availability of a participating FHA lender offering these rates or something similar may also be a factor FHA mortgage loan rates | more...

June 25, 2015

FHA Mortgage Rate Trends: Sideways

By Joe Wallace

After small-but-steady improvement recently, rates opened the week with a jump higher that wiped out the previous improvements, and by Wednesday mortgage loan rates have been wavering back and forth, more or less holding the same position when all is said and done. 30-year fixed rate conventional mortgages are up for 4.125% best execution, and we’re still seeing FHA mortgage loan rates holding a best execution comfort zone of 3.75%. As we always point out, best execution rates are offered to those applicants with the most ideal financial qualifications. Your own experience will depend greatly on FICO scores, your credit history and other factors. FHA mortgage loan rates can vary more among participating lenders than their 30-year fixed rate conventional counterparts. FHA rates have been in the 3.75% best execution | more...

June 20, 2015

FHA Mortgage Loan Interest Rate Trends: Recovering?

By Joe Wallace

It’s been an interesting week for mortgage rates–there was some breath-holding ahead of the Fed announcement that interest rates would not be hiked just yet, and we’re entering a period now where market watchers have labeled 2015 as a time of upward movement for rates in general. But the overall trend this week wound up being downward movement, however small. Rates fell a bit on Friday to end the week, but you’ll notice that a smaller number of lenders are offering the lower best execution 4.0% than those offering 4.125% best execution on 30-year fixed rate conventional mortgages. FHA mortgage loans still haven’t budged out of the best-execution comfort zone of 3.75% for the most qualified borrowers. Remember, best execution rates are not available to all applicants or from all | more...

May 20, 2015

FHA Mortgage Loan Interest Rate Trends

By Joe Wallace

Six days ago, mortgage loan interest rates caught a break, moving lower to end the week. But this week that small breather didn’t stop an upward trend that resumed once more–rates moved higher on Monday and Tuesday, with 30-year fixed rate conventional mortgages mixed–some lenders offered a best-execution rate as low as 3.875%, with more offering best execution rates at 4.0%, and a smaller number reported going up above 4.0%, best execution. FHA mortgage loan rates have found a comfort zone at 3.75% best execution. FHA rates may vary more among participating lenders than their conventional counterparts, so it’s good to shop around for the most competitive rates. When we use the phrase “best execution” we mean FHA lenders offering the rates mentioned here to extremely well qualified borrowers with | more...

February 12, 2015

FHA Mortgage Loan Interest Rate Trends: Moving Higher

By Joe Wallace

FHA mortgage rates have been trending higher this week, with pressure on rates bringing 30-year fixed rate conventional mortgages up slightly higher every day in February so far. Bond markets and overseas economic news about the European Central Bank have contributed to those rates moving higher, but all the while, FHA mortgage loan rates have remained in a best-execution comfort zone of 3.25%. But that changed on Tuesday after significant upward pressure that changed conventional rates finally pushed FHA mortgage loan rates higher–now found at the time of this writing in a range between 3.25% and 3.5% for the most qualified FHA loan applicants. Best execution rates are not available to all borrowers or from all lenders. Your FICO scores, loan repayment history and other factors will determine your access | more...

November 12, 2014

FHA Mortgage Rate Trends: Up and Down

By Joe Wallace

Since our last report on FHA mortgage rate trends, we’ve seen some ups and down with mortgage loan rates in general, but the overall trend seems to be upward. Last Friday was a highly anticipated jobs report, and ahead of that last Thursday we saw rates hold steady. After the report came out on Friday mortgage loan rates did gain back some of the ground lost earlier in the week, but come Monday those gains began slipping away again. Tuesday was Veterans Day so markets were closed and there was no rate movement to report–but on Wednesday it was a bit of false hope to start the day with rates beginning stronger but ultimately weakening by day’s end. What does all this mean? At the time of this writing, 30-year | more...