Today’s FHA Mortgage Rates September 3, 2010

FHA mortgage rates ticked up modestly by the end of the week.  Today’s average 30 year FHA mortgage rate moved up to 4.50% based on the most recent survey FHA mortgage rates performed by Findlocalmortgagerates.com.  Earlier in the week the average 30 year FHA mortgage rate from the top bank mortgage lenders had fallen to 4.425%.

The average points charged by the top FHA mortgage lenders to deliver this rate was at 0.625 points.  The average points charged has stayed in relatively tight range in the past 30 days with a high of .825 points and a low of .575 points.  Today’s FHA mortgage rates survey showed the average points charged falling within a range of zero points on the low end and 1.375 points on the top end.  The FHA mortgage interest rates ranged from 4.375% to 4.75%.

The top five bank mortgage lenders in this week’s survey, Wells Mortgage, US Bank Home Mortgage, Bank of America, SunTrust Mortgage and HSBC Mortgage offered the following 30 year FHA mortgage rates, points and APRs:

Wells mortgage 30 year FHA mortgage rate is 4.375% and 1.0 point with  a 4.738% APR.

US Bank mortgage 30 year FHA mortgage rate is at 4.50% with zero points and a 5.01% APR.

Bank of America mortgage has a 30 year FHA with an interest rate of 4.75% with 0.75 points and an APR of 4.852%. 

SunTrust mortgage rate is 4.375% with 1.375 points and an APR at 4.936% on the FHA 30 year home loan.

HSBC Mortgage offers the 30 year FHA loan with a mortgage rate of 4.50% with no points and an APR of 4.678%.

The FHA mortgage rates, discount points and APRs listed are for owner occupied single family properties in Illinois with a loan amount of approximately $200,000.00.  The bank FHA mortgage rates listed are current as of this publication date but are subject to change. 

All mortgage loans require bank approval, additional conditions and some restrictions may apply which may also alter the mortgage rates, points and APR offered by the mortgage lender.