May
07
FHA Mortgage Rates vs. Conventional Mortgage Rates
By05/07/2010
The stock market has created quite a roller coaster ride in rates this week. As we close out this week, I am finding the FHA 30 year fixed rate to be the bargain of the week. It is not uncommon to find 4.875% for about any size loan. Conventional mortgage rates can be a quarter of a point higher than FHA. As always, there are a lot of considerations that go into the pricing (lock term, loan amount and credit score to name a few) but any way you look at it rates are a bargain right now.
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