What is the fha interest rate today?

An FHA loan is a type of government-backed mortgage insured by the Federal Housing Administration, a branch of the U.S. Department of Housing and Urban Development, or HUD. FHA borrowers pay for mortgage insurance, which protects the lender from a loss if the borrower defaults on the loan. read more

FHA mortgage rates hew closely to the mortgage rates on traditional home loans. If the average interest rate on a 30-year fixed-rate mortgage stands at 5.4 percent, you can figure that the average FHA mortgage rate is nearly the same. This makes these loans even more attractive. read more

Home ownership rates in America continue to increase at a steady rate due in a large part to the implementation of FHA home loans insurance program. The most popular FHA home loan is the fixed-rate loan known as the 203(b). read more