For 8th October, 2009 FHA loan rates have remained stable. Generally, FHA loan rates are between .5% and 75% higher than conventional rates so you can do the math and figure the 30 year fixed FHA loan rate is currently at 5.65%.
When the Federal Reserve Bank was doing everything they could to push mortgage rates lower the 10 year treasury rate yield was increasing which caused mortgage rates to stay above 5%. If the 200 day moving average holds as support and we see a bounce from the yield there is a good chance that we could see a short term up trend in treasury yields. There has been a strong correlation between 10 year treasury rate yield and the 30 year fixed rate mortgage since 1971.
FHA loans are relatively easier to qualify for as compared to other mortgage loans but a home purchase is an important decision so make sure you have all the bases covered before taking on this serious financial responsibility. You can make use of FHA loan calculator and various materials on mortgage help to guide you in your search.
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