The following are Note rates – not APR. Interest rates are still the lowest we’ve seen in decades. I don’t expect this to continue! 30-yr fixed: 5.00%, FHA 30-yr fixed: 4.75%, Rural Housing 30-yr fixed: 4.875%
The Rural Housing loan is unique to less-populated areas like Cedar City. It’s a loan administered through the Department of Agriculture, and is one of the reasons we don’t have as many Adjustable Rate Mortgages as are found in larger cities. It’s a great loan program, with no monthly PMI and 100% LTV. There are income restrictions and property restrictions, but generally it’s available to all buyers, not just first-time home buyers.