According to financial Web site Bankrate.com, the average interest rate on a 30- year fixed-rate mortgage loan, including those insured by the FHA, stood at 5.04 .

15 YEAR VS 30 YEAR MORTGAGE Get started. If the down payment is less than 20%, mortgage insurance may be required, which could increase the monthly payment and the APR. Conforming rates are for loan amounts not exceeding $453,100 ($679,650 in Alaska and Hawaii). Adjustable-rate loans and rates are subject to change during the loan term.

Check out the mortgage rates charts below to find 30-year and 15-year mortgage rates for each. This table shows rates for FHA mortgages through U.S. Bank.

30 Year Fha The Best Time to Get a 30-year Mortgage. The best time to get a 30-year mortgage is when interest rates are low. Interest rates tend to fluctuate significantly over time. Recently average 30-year rates were below 4%, but prior to the recession were above 6% and were as high as 18.45% in October of 1981.

Today’s low interest rate for a 15-year fixed is 3.375% (3.853% APR), and the interest rate for a 30-year fixed is 3.99% (4.255% APR). Why You Should Choose Quicken Loans You’ll get a completely online application process with less paperwork, and you can track the status of your mortgage application.

Interest rate isn’t the only factor you should consider when deciding between a 15- and a 30-year mortgage. it may be best to go with a conventional loan. Loans like the fha 30-year mortgage can.

Qualify For Home Loans What Credit Score Is Needed For First Time Home Buyer First Time home buyer program credit scores – A 620 credit score is the minimum score you can have to qualify for the first time home buyer program. There are many people whose credit scores are in the low to mid 500 range who need to work on their credit and they should be able to buy within 6 months to one year.

– The average rate on the 30-year fixed-rate mortgage fell to 4.06.. also look to refinance at a shorter fixed period, such as a 15-year loan or an. Mortgage Rates Drop to a Head-Turning Level – The average rate on 30-year fixed-rate mortgages has skidded to 3.99%, from 4.06% last week, says mortgage.

View daily mortgage and refinance interest rates for a variety of mortgage products, and learn how we can help you. 15-Year Fixed-Rate Jumbo, 3.0%, 3.112%.

Today’S Fha Rates How Do I Get A Loan For A House  · Proof of Assets. You will need to present bank statements and investment account statements to prove that you have funds for the down payment and closing costs, as well as cash reserves. An FHA loan requires a down payment of as low as 3.5% of the cost of the home, while conventional home loans require 10% to 20%, depending on the loan program.

What I see: Locally, well-qualified borrowers can get the following fixed rate mortgages without points: A 15-year FHA (up to $431,250 in the Inland Empire, up to $484,350 in Los Angeles and Orange.

The 15 Year Mortgage Rate is the fixed interest rate that US home-buyers would pay if they were to take out a loan lasting 15 years. There are many different kinds of mortgages that homeowners can decide on which will have varying interest rates and monthly payments.

The insurance premium reduction is largely supported by housing industry professionals, and is estimated to save new FHA borrowers about $500 this year. » MORE. Homeowners looking to lower their.