March 3, 2021

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FHA Mortgage Loan Interest Rate Trends

093After three solid days of upward movement on interest rates for mortgage loans in general, Friday’s market activity was such that there was no general shift in rates either way–much of the differences seen in Friday’s interest rates would depend on the lender. According to our sources, some were slightly higher, others slightly lower.

Some will notice higher or lower actual rates; others will notice the changes in the form of altered closing costs, depending on the lender.

30-year fixed-rate conventional mortgage loans remained in a best-execution range of rates between 3.875% ad 4.0% depending on the lender. FHA mortgage rates continued in their long-held best execution comfort zone of 3.75%.

FHA rates tend to vary more among lenders than 30-year fixed rate conventional equivalents, so do some comparison shopping to make the most informed choice.

As always, best execution rates are offered to borrowers with the most competitive FICO scores and other financial qualifications. Your experience may vary depending on the lender, your FICO scores, etc.

Many industry professionals are advising borrowers within 30 days of closing to lock (at least as of Friday). Others don’t even bother with closing dates–if you’re happy with your current rate, lock. That’s the going advice from our sources. Naturally this is a decision only the borrower can make and you should always ask some advice of your lender before making a final decision. Some are looking to Monday in hopes of seeing a recovery, but only time will tell if those hopes are well-founded or not.

Do you work in residential real estate? You should know about the free tool offered by It’s designed especially for real estate websites–a widget that displays FHA loan limits for the counties serviced by those websites.

It is easy to spend a few seconds customizing the state, counties, and widget size for the tool; you can copy the code and paste it into your website with ease. Get yours today:


Joe Wallace - Staff Writer

By Joe Wallace

August 29, 2015

Joe Wallace has been specializing in military and personal finance topics since 1995. His work has appeared on Air Force Television News, The Pentagon Channel, ABC and a variety of print and online publications. He is a 13-year Air Force veteran and a member of the Air Force Public Affairs Alumni Association. He was Managing editor for for (8) years and is currently the Associate Editor for

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About was launched in 2010 by seasoned mortgage professionals wanting to educate homebuyers about the guidelines for FHA insured mortgage loans. Popular FHA topics include credit requirements, FHA loan limits, mortgage insurance premiums, closing costs and many more. The authors have written thousands of blogs specific to FHA mortgages and the site has substantially increased readership over the years and has become known for its “FHA News and Views”.

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