Q:

Where can you find the current interest rates for USDA home loans?

A:

Quick Answer

Websites such as TheMortgageReports.com and USDA.gov offer consumers the average interest rates on home loans backed by the United States Department of Agriculture. The average rate on loans backed by the USDA stands at 3.87 percent, as of June 2015.

Continue Reading

Full Answer

Mortgage interest rates vary by lenders offering home loans, explains The Mortgage Reports. The USDA, Federal Housing Administration and the Veterans Administration do not offer quoted rates to consumers who apply for financing. Markets dictate the interest rates on any type of financing, and lenders quote rates based on interest rate fluctuations throughout the course of any given day. Consumers that receive the best quotes usually have good credit scores, low debt-to-income ratios and better than average monthly disposable income.

Learn more about Credit & Lending

Related Questions

Explore