Good Morning!
If you are in the market for a house right now we are in a bit of an unusual time in the Mortgage world.
Traditionally, FHA loans beat all other loans on pricing (particularly for low down loan options).
However, this isn’t the case right now. Government insured loans are still priced high.
Conventional loans are blowing them away right now. I’m seeing some rates in the high 2’s for 30 year fixed mortgages.
So, if you need a loan to buy a house – focus on Conventional mortgages right now.
That’s it for today!
Thanks for reading!
Brett