Question
What are the current interested rates for a 30 year fixed purchase loan?
just wondering, because we've been looking at buying a house and we were pre approved 6 months ago @ 4.75% (not a jumbo loan, less than 250k) we would like to put 20k down, probably not 20%. What are the rates for a traditional 30 year fixed, compared to the FHA loan interest rate? Thanks!
6 months ago - 10 answers
Best Answer
Other Answers
Depends on your credit score & your LTV. On a pure vanilla loan, you can probably get 5.75% with no points & no origination. My FHA & Conventional rate are pretty close to the same at this time.
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by Frank Petti- 6 months ago
Look on www.Bankrate.com for info.
by MadMan- 6 months ago
Conventional 30 year fixed without any adjustments ( because I don't know your credit score or exact loan to value) is running 5.25 - 5.5% On an FHA 30 year fixed you're looking at about the same.
by Noneya- 6 months ago
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by Micheal- 6 months ago
Today (June 25), mortgage backed securities are currently up 72 basis points on the day. We recently broke above what's known as the 200-day moving average which was acting as a ceiling of resistance that keeps rates from dropping. Since we broke above this ceilng of resistance, pricing is expected to rise, therefore, rates may be dropping in the coming hours / days. The thing is, rate sheets do not reflect positive news as much as it does when negative news is released these days. Rates have recetnly been trading in a range of 5.5 to 5.875% for a 30-yr fixed rate conventional, FHA, or VA Loan. For accurate daily national rate averages, visit www.HSH.com. I hope this helps! Good luck!
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by Ford- 6 months ago

