What Is Fha Loan Rate

Current Interest Rate For Fha Loans average fha mortgage rate Mortgage Rates Drop Slightly May 9, 2019. Investors wary of the current economic situation due to ongoing trade disputes resorted to the bond market, causing the 10-year treasury yield to decrease.FHA mortgage rates hew closely to the mortgage rates on traditional home loans. If the average interest rate on a 30-year fixed-rate mortgage stands at 5.4 percent, you can figure that the average FHA mortgage rate is nearly the same.

An FHA Loan is a flexible government-backed home loan program. Learn about FHA Loan requirements and applying for a loan with PNC.

Small down payment: FHA loans allow you to buy a home with a down payment as low as 3.5 percent. Other (conventional) loan programs may require a larger down payment, or they require high credit scores and high incomes to get approved with a small down payment.