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Is a FHA 30 yr fixed mortgages interest rate changeable?

Sep 18, 2007 by Joshua K | Posted in Personal Finance

I was told by someone that depending on the loan the interest rate can go down but not up on some FHA 30 fixed rate mortgages. Is this true?
I know its fixed and I know what that means but it is a FHA loan. For example I also heard that they can

you can do a 'STREAMLINE REFINANCE' to lower the rate....they dont ask for income docs or new appraisal.
closing costs are lower on the streamline refi's.

fha loans are assumable...and you can transfer your interest rate to the new

Carolinahomerates.com | Sep 18, 2007

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