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FHA Fixed Rate Loans |
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FHA Loans Fixed Rate Section 203(b) insurance is most frequently issued. It allows the purchase of a single-family to four-family home across a ten to thirty year mortgage. FHA regulations allow for a much larger percentage of the home's cost to be insured than typical, uninsured loans; so customers require a much smaller down payment, usually near 3% of the home's value, for purchase.
Fha Fixed Rate mortgage loans are usually sought after when interest rates are low.
Speaking of being Low.. Analysts continue to be surprised that interest rates for fixed rate loans have only risen slightly this past year. They continue to caution that interest rates will likely rise in 2005 spring home sales market |
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