The Fed Reserve’s third interest rate cut this year paired with strong earnings and growing optimism on the U.S.-China trade negotiations has buoyed the equity markets.  The Dow is now up 18% on the year and in record territory. A December rate-cut is looking less probable.  The yield on the U.S. 10-Yr is 1.78%, up almost 30- basis points from a month ago.

Despite the uptick in the 10-Yr, compression in spreads have kept FHA interest rates relatively stable. 

Today’s pricing:

• 35-year fixed FHA insured loans: 3.05%-3.30%
• 40-year fixed FHA construction/perm loans: 3.65%-3.90% 

These pricing indications are current as of the date posted, subject to market interest rate volatility.  Pricing of FHA insured apartment and healthcare loans may be dependent on loan size and other risk factors.  Call for more information.