Do all FHA loans have the same interest rates?

No. FHA loan rates are not set by the government, and they are not consistent from one FHA loan to the next. FHA-approved lenders get to set their own mortgage rates, and some may have more affordable pricing than others. In addition, rates can vary by borrower, with the lowest rates often going to the ‘safest’ borrowers, and higher rates going to borrowers with lower credit and other risky loan characteristics.