FHA home loan interest rates for July 2020 are staying near all-time low levels. Many lenders and banks are offering 3.0% – 3.375% for a standard 30-year fixed FHA mortgage. This rate assumes no added discount points. Of course, borrowers always have the option to “buy down” their interest rate lower by paying points if they choose.
Keep in mind that interest rates change daily, sometimes multiple times per day. Please contact us below for an instant rate quote on your new purchase or refinance.
If you are a homeowner that currently has an FHA Mortgage, you may want to look closely at a FHA streamline refinance while interest rates are this low. Remember the FHA streamline refi program makes refinancing easy with little documentation needed. This is available to all homeowners that have an FHA backed mortgage, regardless of current lender. Learn all about the FHA Streamline Refinance here.
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