North Carolina Mortgage Rates Decline for FHA Loans
ByFHA mortgage rates continue to decline across the nation. Mortgage brokers reported North Carolina mortgage rates and Virginia mortgage rates dropped below 5% on thirty year fixed rate FHA loans. According to, Virginia mortgage broker, Trip Freeman, “FHA mortgage rates have helped millions of Americans become homeowners with their flexible loans and affordable interest rates,” Freeman continued, “If mortgage rates can remain below 5%, 2010 will be a banner year for the mortgage industry.
There are so many borrowers who still need to refinance into a fixed rate loan because their current interest rate had rest to an adjustable rate mortgage. ARM loans are risky so homeowners who find themselves with a variable rate loan will benefit from the mortgage refinance loans available from FHA, VA and conventional lenders. With low rates and flexible guidelines, FHA mortgage loans will continue to support borrowers across the nation.
