Today’s Lowest FHA Mortgage Rates – Interest Rates Lower into the Weekend
Posted on | March 19, 2010 | No Comments
Today’s lowest FHA mortgage rates are coming in around 4.75%. Many mortgage lenders are reporting that conventional mortgage rates and FHA mortgage rates are coming in very close. With this being the case it would be wise to do your research on which mortgage type would save you the most in monthly mortgage payments.
As the work week comes to a close it looks as if interest rates will be lower going into the weekend. Over the last few days we have seen the 10 year treasury rate yield break below its 50 day moving average but it has stayed above its 200 day moving average. With this being the case we can expect mortgage interest rates to grind sideways to down.
When thinking about an FHA mortgage it is very important to remember that FHA mortgages come with insurance obligations. It is sometimes better to get a conventional mortgage rate that is slightly higher because you can avoid the insurance costs that come with an FHA mortgage.
There are many free resources available online to greatly help you decide which mortgage type is right for you. With today’s lowest FHA mortgage rates around 4.75% it might be a wise decision to do research on an FHA mortgage as it might be just what you need to buy a new home in 2010.
Author: Alan Lake
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