Free Articles, Free Web Content, Reprint Articles
Tuesday, October 22, 2019
 
Free Articles, Free Web Content, Reprint ArticlesRegisterAll CategoriesTop AuthorsSubmit Article (Article Submission)ContactSubscribe Free Articles, Free Web Content, Reprint Articles
 

FHA Loan Rates - Will Mortgage Rates Continue to Drop?

FHA loan rates have mirrored average mortgage rates for quite some time. We can expect this to continue which means that we might see a drop much like in mortgage rates.

FHA loan rates have been in the same general trend as average mortgage rates for quite some time now. The overall trend has been sideways since the beginning of July but the government is working very hard to make sure that interest rates stay at historically low levels. If this continues, we can expect the mortgage rate trend to start downward.

If the 30 year fixed rate mortgage works its way below 5% this will make it very interesting on the mortgage market. Mortgage lenders are not backed up right now because there has not been a swell of applications for refinancing. If we see rates go below 5% this is likely to chance as there will be a huge interest in refinancing below that psychological barrier. If you have been thinking about refinancing, it might be a good idea to go ahead and get the process started.

Once rates do drop below 5% you do not want to be in the crowd that is rushing to get your mortgage application in in hopes of getting that low interest rate. Back in March, when mortgage rates were below 5%Feature Articles, many borrowers could not get through the application process because their was a backlog of applications. You do not want this to happen to you when you have the opportunity to refinance at one of the lowest rates in the history of the United States. Make sure to take advantage of this time and have everything ready for when rates do drop below that level.

Source: Free Articles from ArticlesFactory.com

ABOUT THE AUTHOR


Subprime Blogger offers information on FHA loan rates. There is also a great deal of information on bad credit auto loans and how you can get a low interest rate.



Health
Business
Finance
Travel
Technology
Home Repair
Computers
Marketing
Autos
Family
Entertainment
Law
Education
Communication
Other
Sports
ECommerce
Home Business
Self Help
Internet
Partners


Page loaded in 0.055 seconds