– Home Equity Loans – Rates are based on a fixed rate home equity loan for an owner occupied residence, second lien, 10 year or 15 year repayment terms with an 80% loan-to-value ratio for loan amounts of $50,000 or $50,000+.
Current Home Equity Loan Rates – FREEandCLEAR – Mortgage Rate Report. The interest rate on a 5/1 adjustable rate mortgage (arm) moved 0.250% higher to 4.000%. FHA mortgage rates also increased .250% to 4.125% while VA mortgage rates moved higher to 4.000%, with both programs remaining attractive to borrowers focused on low or no down payment programs, especially first-time home buyers.
Make tough refinancings work with an FHA loan – You can refinance with an FHA loan even. the First Time Home Buyers Network. If someone had to get out of their current loan because of a balloon payment or rate adjustment on an ARM, and they had.