FHA intrest ratesHello: I realize that interest rates are still reasonably low. However I have seen an increase in the past couple of weeks. My husband and I have entered into a contract on our first home and we are anxious to see what happens. I am hesitant to pay a fee to lock in at 6 when the rates have recently been at 5. Does anyone know a good indicator on what the rates will do next? We are set to close on July 31. Should we wait and risk it going up even more? 6 Percent will make the monthly payments more difficult for us. Does anyone have a sign it might go back down? Thanks for the advice.June 11 2009 - Birmingham00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.