Fha interest rates Meaning and Definition
Fha interest rates
Pronunciation
(unavailable)
Part of Speech
Noun
Definition
Federal Housing Administration interest rates: interest rates set by the Federal Housing Administration for mortgages insured by the agency, used to determine the monthly mortgage payment for homebuyers and homeowners.
Examples
- The borrower took out a mortgage with an Fha interest rate of 4.5%.
- The changing Fha interest rates affected the housing market.
Synonyms
- Mortgage rate
- Lending rate
Antonyms
- Repayment rate
- Development rate
Etymology
The term “Fha interest rates” originated from the Federal Housing Administration’s role in setting mortgage interest rates for insured loans.
Usage Notes
Fha interest rates are typically used in financial and real estate contexts. Borrowers should consider their credit score, loan term, and repayment amount when determining the best Fha interest rate for their mortgage.
Cultural References
Fha interest rates have been referenced in various movies, TV shows, and books, such as financial news programs and real estate publications.
Idiomatic Expressions or Phrases
Fha interest rates are often used in phrases such as “Fha interest rate reset” or “Fha interest rate hike”.
Related Words or Phrases
Words and phrases closely related to Fha interest rates include “mortgage”, ” Federal Housing Administration”, and “Homebuyer Assistance Program”.
Collocations
Fha interest rates are often used with collocations like “adjusted Fha interest rates”, “Fha interest rate cap”, or “Fha interest rate calculation”.
Frequency of Use
Fha interest rates are commonly used in financial and real estate contexts, with a frequency of use comparable to other mortgage-related terms.
Common Misspellings
Common misspellings of Fha interest rates include “FHA interest rate” and “Federal Home Insurance Agency interest rate”.