Federal Insurance Contributions Act
Federal Insurance Contributions Act
Federal Insurance Contributions Act, or FICA, is legislation that mandates the withholding of a percentage of one's income to support the federal Social Security and Medicare programs. Amounts withheld from employee wages must be matched by employers; those who are self-employed must pay both the employee and employer portions.
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National Rates
| Loan Type | Today |
|---|---|
| 30 yr fixed | 4.83 |
| 15 yr fixed |
4.39 |
| 5/1 ARM | 3.69 |
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