August 2015 USDA Loan Interest Rates are out and pretty much in the same as last month. Industry Benchmarks for USDA Rural Housing Loans:
USDA 30-Year Fixed Rate
|Average USDA Rate||3.98%|
How about the months to come? any crystal ball predictions? A few months back it seemed like mortgage rates were going to steadily increase. That never happened and now it seems mortgage rates going to hover around the 3-4% range for at least another month. If you’re looking to refinance or purchase a home, now is a good time to do it. Remember that USDA offers easy streamline refinance options for those homeowner that currently have an existing USDA home loan. The USDA Pilot refinance offers an easy way to refinance without any loan to value requirements or new appraisal.
Keep in mind that mortgage rates are volatile and do change frequently. All August 2015 USDA Loan Mortgage Rates shown are for USDA 30 year fix, 30-day rate locks for an owner-occupied primary residence. Other extended mortgage locks are available; prices will vary accordingly. August 2015 loan interest rates listed are for qualified applicants with 720 or higher FICO a 30-year loan term except where otherwise noted and are subject to mortgage approval with full documentation of income.
Florida and Georgia home buyers that have questions, or would like an up to date interest rate quote should contact us at ph: 800-743-7556 or just submit the short Info Request Form on the right side of this page for quick service. Mobile phone users can find the Info Request Form here.