Here is the lastest from "Eye on Housing" that I thought might interest you. Rates on New Home Loans Stable, Under 4 Percent BY PAUL EMRATH on JUNE 2, 2015 • (0) On May 28, the Federal Housing Finance Agency (FHFA) reported that mortgage rates overall were nearly stable in April, changing by a mere 2 basis points. The same was true for the subset of mortgages used to purchase newly built homes. The average contract interest rate on conventional mortgages for new homes edged down by 3 basis points, while the average initial fees on the mortgages increased. The combination caused the average effective interest rate on new home loans (amortizing the initial fee over the estimated life of the loan) to drop by only a single basis point, to 3.92 percent.

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