FHA Home Loan Rates November 20 – Mortgage Rates Move Higher
Posted on | November 20, 2009 | No Comments
FHA home loan rates for November 20th, 2009 have moved higher. The conventional 30 year fixed mortgage rate is up to 4.67% while the conventional 15 year fixed mortgage rate is at 4.21%. The conventional 5/1 ARM is up to 3.82%. Most of the time FHA loan rates are slightly higher than conventional rates but many lenders are reporting that is not the case as some FHA home loan rates are coming in lower than conventional mortgage rates.
To get an accurate mortgage interest rate you will need to go through the mortgage application process. Prior to doing this there is no way anyone can tell you, with 100% accuracy, what your mortgage interest rate will be. You will be able to find a rough estimate by your credit score and the equity you have in your home but it is not 100% accurate.
With mortgage interest rates very close to all time lows now is one of the best times in history to lock in to a low mortgage interest rate. The all time low for the conventional 30 year fixed mortgage rate is 4.61% and we are getting very close to those levels; we might see a break of the all time low sometime next week which would be quite significant.
Make sure to check out Subprime Blogger on a daily basis for your FHA loan rates. We will display the current FHA loan rates as well as a short commentary similar to the above column. Bookmark the following FHA Loan Rates category to gain easier access to our daily FHA rates column:
Author: Alan Lake
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