What Is The Interest Rate For Fha Loans

What Is The Interest Rate For Fha Loans

 · Ellie Mae says the average cost of a 30-year fixed-rate fha loan, including both purchase and refinancing, is around 4.63%. With an FHA loan, your down payment may be as low as 3.5% of the home’s purchase price.

Interest rates for 15-year fixed-rate mortgage loans also remain low, in the neighborhood of 2.70 percent. FHA mortgage rates were around 3.90 percent last year at this time, hitting a historic low at the beginning of 2013, and they remained in that range since then.

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