Rates Are Down Again

First Time Home Buyer, Live, Market Analysis

After fears in late January that interest rates for FHA loans were going to start going up, they seem to have leveled off again.

There are still concerns that rates will start heading upward in March. See my earlier post.

Lesson: lock in now while rates are down!

Have a look at the charts, below for rates –at least those that my friend Dan Hlavac over at Met Life is getting.

This is what you can expect for FHA loan: a 30-yr fixed loan at 5.187% APR.

See this link for what you can expect for a conventional loan: a 30-year fixed for 5.136% APR

Written by phxAdmin

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