Today’s Lowest FHA Mortgage Rates – March 12 Interest Rates Mixed
Posted on | March 12, 2010 | 1 Comment
Today’s lowest FHA mortgage rates are very close to 4.75% on the 30 year fixed mortgage rate. March 12th interest rates are mixed as the 30 year fixed mortgage rate is up slightly while the 15 year fixed mortgage rate is down slightly. These moves are not significant so we cannot predict a trend at the present time.
If you are looking for today’s lowest FHA mortgage rates you must understand that there are insurance obligations that come with FHA mortgages. Sometimes it is the case that it is worth it to get a higher interest rate on a conventional mortgage because you will not have to pay any insurance.
All mortgage lenders will explain to you the situation when it comes to insurance and FHA mortgages. It would be wise for you to sit down with pencil and paper and determine which type of mortgage would save you the most money in the long run. There are many financial calculators online that can help you determine this.
FHA mortgages and conventional mortgages are coming in very close at the present time when it comes to interest rates. Once again, you must understand that there are insurance requirements when an FHA mortgage is signed.
Author: Heather Best
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One Response to “Today’s Lowest FHA Mortgage Rates – March 12 Interest Rates Mixed”
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March 12th, 2010 @ 9:42 pm
Do you know where I can find 30 year fixed FHA mortgage rates? I look online and can only find 15 year fixed FHA. Thanks