FHA Loan Rates – Refinance Your FHA Mortgage Today

FHA loan rates have been dropping with average mortgage rates for much of the last month. Now might be a great time to refinance your FHA mortgage. Average 30 year mortgage rates have dropped from 5.45% to 5% since August 9th. With this drop, FHA loan rates have fallen as well. On average, FHA rates are about.75% to 1% higher than average mortgage rates. This means that FHA rates are very close to 5.75% currently. For FHA loan rates to be this low, it is a great time to refinance your current FHA mortgage.

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