Daily Mortgage News

FHA has even more defaults in the last month. 22% Increase since last January to be exact. This is a bad sign that our ecenomoy is still not turning around as we would like and what we have to do is keep trying, if you can pay your mortgage pay it. FHA actually insures lenders on defaults and they are sure paying out!

Daily Mortgage Rates

Convantional 30 Yr. Fixed Rate: 5.125%*

FHA 30 Yr. Fixed Rate: 5.375%**

USDA (100%) 30 Yr Fixed Rate: 5.00***

*Based on a 15oK loan amount and an APR of 5.334

**Based on a 150K loan amount and APR of 6.384

***Based on a 150K loan amount and APR of 5.385