FHA refinance activity rose once again this last month as homeowners continue to make efforts to lower their FHA rates and monthly payments.  Homeowners like FHA refinance programs because the rates are low as the agency promotes fair lending and affordability. In a tough economy, many borrowers don’t qualify for a FHA streamline because they can’t afford to pay for closing costs and lender fees.  Consider a no cost FHA streamline that is available to qualified borrowers who have not been late on their FHA loan in the last 12 months.

Fixed FHA Rates starting at 4%

To figure out the average interest rate, we consider the FHA mortgage rates on Monday through Wednesday of each week from FHA lenders around the country. FHA rates often fluctuate significantly, even within a given day. FHA rates on five-year adjustable-rate mortgages averaged 3.76 %, down from 3.79 % a week earlier. Rates on one-year adjustable-rate home loans dropped to an average of 3.64 % from 3.70 %. The FHA mortgage rates do not include add-on fees known as points.

FHA Cash Refinancing FHA Streamline Refinance FHA for Home Improvements

Take advantage of FHA’s flexible credit guidelines and streamline loan process and get approved for an FHA refinance today.  As an approved FHA lender, we have the volume to justify the lowest FHA rates online.