Lending a Hand: Refinance opportunities for FHA loans
As long as there is at least 20 percent equity, web look conventional loans do not require a mortgage insurance premium. Since the monthly mortgage insurance premium on an FHA loan will add 0.85 percent to the effective interest rate of the mortgage, information pills there is a …
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Re-Building A House Of Cards: FHA Is Not The Answer
This is further exacerbated by the fact that, information pills unlike private loans, FHA loans are “assumable” — meaning the mortgage can be transferred from today's borrower to another in the future at today's prices/interest rates. For the moment interest rates are …
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Mortgage Loan Rates Post Third Straight Weekly Rise
The average interest rate for a 15-year fixed-rate mortgage increased from 3.24% to 3.28%. The contract interest rate for a 5/1 adjustable rate mortgage loan rose from 3.09% to 3.28%. Rates on a 30-year FHA-backed fixed rate loan rose from 3.73% to 3.82%.
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Mortgage Loan Rates Slip as Applications Fall
Mortgage loan rates decreased on all five types of loans last week, a full-reversal of the prior week's increases in interest rates. … The FHA share of all applications rose from 14.0% a week ago to 14.3%, and the VA share decreased from 10.8% to 10.3%.
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