The Current FHA rate has dropped to 5.375% - APR 5.703%.
This is great news for those seeking a mortgage from FHA.
The FHA home loan has been helping many borrowers seeking a low down payment mortgage program, and also for those that need a bad credit mortgage.
FHA mortgages can help a 1st time home buyer or 2nd time home buyer. You're able to use the FHA loan as many times as you move to a new home.
FHA refinance has also been helping those borrowers in 2/28 ARMs, and someone who is just looking for a low FHA mortgage rate.