August 2015 interest rates have started this month a little less that last month. According to the weekly mortgage rate survey conducted by Freddie Mae, the national mortgage interest rate for 30-year fixed rate loan for new houses was down just a bit to 0.06% to 3.98% against prior week interest rates of 4.04%. The 15-year fixed rate mortgage declined 0.04% in interest rates at 3.17% in comparison with the last week’s data. The mortgage interest rates were stable on August 1st with a 30-year fixed rate mortgage offered at an average interest rate of 4.03%. Rates on some government loan programs like FHA and VA will commonly be a little less than conventional loans.
Homebuyers should remember that the August rates listed above is the national average. Rates change frequently and actual rates will depend on location, lender, credit score, among other variables. Fl & GA home buyers can feel free to contact us 7 days a week at ph: 800-743-7556 or submit the quick Info Request Form on the right side of this page. Mobile users will find the short Info Request Form here
Florida and Georgia homeowners that already have a FHA mortgage can learn about the streamline refinance here. The FHA streamline refi is an easy way for qualified homeowners that already have a FHA loan to refinance into a lower rate with minimum paperwork or hassle. The best part is the streamline program does not require a new appraisal, your current home value is not important.
Contact FHA Mortgage Source about any FHA pre approval requirements for purchase or refinance loans, we are happy to assist. Ph: 800-743-7556