Federal Housing Administration (FHA) mortgages were designed to assist homeowners in accomplishing their dream of home ownership. Along with VA mortgages, FHA mortgages will often be referred to as a government loan and therefore are not only one of the easiest types of mortgages to qualify for, but are also one of the most flexible.
Now that being said, not all banks are created equal when it comes to qualifying for a home mortgage, even an FHA mortgage. But remember, where the banks say no, we will say yes.
You may be wondering, “What are “Current Mortgage Rates: Best Rates Today”
Well according to Freddie Mac their average mortgage rates released weekly are as follows*:
- 3.94 % for a 30-year {FRM} fixed rate mortgage*
- 3.14 % for a 15-year {FRM} fixed rate mortgage*
In comparison, best purchase rates today provided by Wells Fargo are as follows**:
Conventional Purchase:
- 4.250 % for a 30-year fixed**
- 3.500 % for a 15-year fixed**
FHA & VA purchase rates today**:
- 3.875 % for a 30-Year Fixed VA**
- 3.625 % for a 5/1 ARM VA**
If you are a Veteran you may be wondering, “What are current interest rates on home loans for Vets?” Veteran Affairs (VA) home loans where set up to assist Veterans and eligible surviving spouses to qualify for special rated mortgages and home loans to not only buy or build a home, but also to assist in any repairs adaptations that may be required.
The current VA home loan mortgage rates from US Bank are as follows***
- 3.950 % for a VA 30-year fixed***
- 3.500 % for a VA 15-year fixed***
Jumbo Loan rates from US Bank***
- 4.000 % for a 30-Year Fixed - Jumbo***
- 3.625 % for a 15-Year Fixed - Jumbo ***
At Avrus we are committed to finding homeowners, and home buyers the most affordable mortgages. Whether you are looking for a new home purchase loan or refinancing your current mortgage, we will provide you with the best mortgage rate quote.
*source: Weekly Primary Mortgage Market Survey® (PMMS®) Rates released as of day [11/17/2016] at 10 a.m. ET.
**source: Wells Fargo rates as of 11/21/2016 released as of 10:15 AM Eastern Standard Time
***source: U.S. Banks rates Popular Loan Rates as of [11/18/2016]
