The more than 61 million Americans that reside, work and establish their families in rural areas will have a chance at the American dream; home homeownership. The new government program will help those families that are in need of down payment assistance, giving them an alternative other than cash to cover it. Those applying will be able to use their construction skills to make up the difference in the down payment.
Bookmark this page for mortgage rates:
• 30-year (FRM) rates at 4.93% (-0.01%)
• 15-year (FRM) rates at 4.43% (-0.01%)
• FHA 30-year Fixed rates at 4.45% (-0.02%)
• Jumbo 30-year Fixed rates at 4.57% (0.00%)
• 5/1 ARM rates at 4.72% (+0.01%)
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