FHA INTEREST RATES

You will hear a lot about interest rates in your home loan process. Interest rates are essentially the cost of borrowing the money that you wish to borrow to purchase your home. On a monthly basis, you will make payments to the lender, or bank, and they will include principal that is owed on the loan as well as interest. There are two different types of interest rates available for your FHA home loan, and you decide which fits your goals before purchasing you home. Read more about them by clicking below.

FHA FIXED RATE MORTGAGE
FHA ARM – ADJUSTABLE RATE MORTGAGE

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Current FHA interest rates as of 2/17/2013 are 3.25%.