Interest Rate Question

[MuddyGrimes]

Here is a snippet of a news release by fannie mae

Fixed-rate Mortgage Yields Conventional

                       Current Week Ago Year Ago

15-year FRM      5.500      5.610         5.690

30-year FRM      5.820      5.940         6.130

FHA/VA
(30-year FRM)     6.970       6.740        6.190

My question is why is the FHA/VA interest rate so high, compared to a year ago?  Last year the difference at this time of year between 30 year fixed and fha/va 30 year fixed was .06% but now its over 1%?

Thanks in advance for the answer

[GFer]

Really?

I just got FHA approval and the rate is 5.75 and I was told that I was 13 score points shy of the 'best FHA rate'.

Dunno. Maybe the rates are different in different areas?

[ShanetheMortgageMan]

That information is inaccurate.