float along record lows
FHA borrowers, both first-time and repeat, had higher interest rates than those with conventional mortgages. First-time FHA borrowers paid an average of 3.39% in interest, and repeat FHA borrowers paid 3.33%. The more expensive the market, the higher the FICO score required. In San Francisco, for example, the mean origination FICO for borrowers is 777.
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