VA Home Loan Mortgage Rates October 6 – 30 Fixed Down
Posted on | October 6, 2009 | 1 Comment
VA home loan mortgage rates continue to go down on October 6th, 2009. The conventional 30 year fixed mortgage rates is currently at 4.86% which means that the 30 year VA home loan rate is approximately 3.86%. Lenders approximate VA home loans to be between .5% and 1% below conventional mortgage rates so this is our estimate. Even though the 10 year treasury rate yield was up today we still saw mortgage interest rates sideways to down.
This column is usually written around noon time but due to some important issues we are not submitting the content until 10:00 pm Eastern time. We apologize for any inconvenience that we may have caused from this delay. We should be back on the daily schedule tomorrow. With that, we can analyze the full day in terms of the 10 year yield and mortgage rates. The 10 year yield has been up since it tested the 200 day moving average Friday which makes us think mortgage rates could be heading higher.
The ten year yield has yet to test the 200 on a close so there is a chance that we could see some downside in the yield. No one knows what will happen so lets just wait and see when a trend is created. It should only take a few days for us to find out where the yield is going. If we see a few more strong days to the upside we can assume that the 200 dma served as support and the yield will move up to the 50 day moving average. This would mean higher mortgage rates for the short term.
Make sure to check out Subprime Blogger on a daily basis for your VA home loan rates. We will display the current VA home loan rates as well as a short commentary similar to the above column. Bookmark the following VA Loan category to gain easier access to our daily VA loan rates column.
Author: Tiffany Mann
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October 8th, 2009 @ 4:20 am
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