Hud interest rates 2020
Unlike FHA loans, USDA loans do not require a down payment and may have much lower interest rates than both conventional and FHA loans. Current interest rates average around 3.5% but can go as low as 1% with payment assistance. Forecasts from Freddie Mac and the Mortgage Bankers Association back this up, both predicting 2020 rates within this range. Fannie Mae actually predicts rates will clock in even lower, vacillating one-stop shop for key services HUD-assisted families need – health, education, and job training. Despite low unemployment and strong economic growth, we face some headwinds in the campaign to increase access to affordable housing. Set against the backdrop of rising interest rates and increasing rents, we need to bring