More than half of all homeowners with a 30-year mortgage are now paying interest that’s 0.75% or higher than current. Mortgage rates have tumbled in recent months on signs the economy is slowing.
Fixed FHA rates today provide borrowers the security with 15 and 30-year rates. For example, 15-year FHA rates have dropped below 4% and the 30-year fha rates range from 3.125% to 3.5%. american homeowners and those considering becoming a first time homebuyer should jump at the opportunity to lock into a government insured loan this low.