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- – · Mortgage interest rates shown are based on a 30-day lock for the rate/term refinance or purchase of a primary residence. 0.25 discount point included. All loans are subject to borrower meeting fannie mae approval guidelines.
– A common misconception of the FHA loan program is that the FHA or HUD is responsible for setting interest rates on FHA guaranteed home loans. The FHA does place limits on certain fees, how closing costs and down payments are paid and by whom.