Mortgage Rates Lower with fifteen-Year Fixed Home Loans At 4.36%
According to mortgage economist, Josh Emmons, “Home refinance opportunities always arise when interest rates for mortgage loans fall below 5%.” Home loan rates dropped this week and the average mortgage rate on thirty-year fixed-rate home loans declined below 5% to a four-month low, according to Freddie Mac’s report of mortgage rates surveyed from lenders nationwide. [...]Mortgage Rates Lower with fifteen-Year Fixed Home Loans At 4.36%
« High Rate Mortgages for Option ARMs Slow Housing Recovery | Home | FHA Mortgage Loan Opportunities with Bad Credit Mortgages »
Comments
Thanks for the mortgage rate newsletter! I just wanted to see what your take was with the FHA refinance streamline loan for people with bad credit. I appreciate your insight.
In most cases, FHA is more flexible with credit, but the streamline loans do have specific criteria. For example, you can’t be late on your FHA mortgage in the last 12 months to qualify for the FHA streamline.
Leave a Comment