What do you want of Mortgage Interest Rates Today ?.
There has always been a struggle in the middle of Fha loan rates and Va loan rates. The best mortgage rates ready today are Va mortgage rates. As a veteran of the Armed Forces, you are eligible for lower interest rates on a new Va loan or on a Va Streamline refinance. Interest rates have been lowered over the board, so much that now they are at historic lows. They haven't been this low since the opportunity day of Disneyland! This purpose behind the drop was to boost the sluggish housing economy, but the useful side succeed is lower house payments and more money in our pockets. It is your right, as a member of the United States military to receive benefits such as interest rates that are lower than those offered to civilians. Currently Fha mortgage rates are higher than Va mortgage rates. Historically this has not always been the case.
Before 1934, home rights was below 40%. To increase home rights and begin the climb out of the depression, President Roosevelt's created the Federal Housing Administration, known as Fha. The Fha then introduced programs that offered realistic mortgages and interest rates, enticing and encouraging Americans to spend in homes. Within years, home rights jumped to over 60%.