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I heard the Federal Reserve lowered the prime rate. How does this affect FHA loans?

affect federal reserve FHA heard Loans lowered Prime rate
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I heard the Federal Reserve lowered the prime rate. How does this affect FHA loans?

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The lowering of the prime rate does not affect FHA loan rates as much as many people think. While it’s related, the Federal Reserve doesn’t directly affect long term rates such as the FHA home loan.

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