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VA Home Loan Mortgage Rates October 14 – 15 Year Fixed Up

Posted on | October 14, 2009 | 2 Comments

VA home loan mortgage rates for October 14th, 2009 started out lower but are now up.  The conventional 15 year fixed mortgage is up to 4.45% while the 30 year fixed is up to 4.95%.  VA home loan mortgage rates are generally .5% to 1% lower than conventional mortgage rates so you can see that the 15 year fixed VA will be around 3.45% while the 30 year fixed VA will be about 3.95%.  This is a level that is still historically low so lock in to these low mortgage rates while you have the opportunity.

Early this morning conventional mortgage rates were down significantly and we at Subprime Blogger questioned this.  The 10 year treasury rate yield was testing the 50 day moving average and all signs pointed to higher mortgage interest rates but the 30 year conventional rate hit multi month lows of 4.69%.  As predicted, this anomaly did not last and we are not seeing the 30 year fixed getting extremely close to 5% again.

If the 10 year treasury rate yield breaks 5% and moves higher we are definitely going to see higher mortgage interest rates going in to the winter.  Most home purchases are done when the new year rolls around and sadly this might be the exact time when mortgage rates have already started to work their way higher; possibly even towards 6%.  Do not want to refinance your home, get it done today and lock in at a rate under 5%.

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.

VA Loan

Author: Jeremy North

Category: VA Loan

Comments

2 Responses to “VA Home Loan Mortgage Rates October 14 – 15 Year Fixed Up”

  1. eileen
    October 14th, 2009 @ 1:06 pm

    I can’t find any information anywhere for a va loan under 4.5%

  2. Cristina Wagner
    October 15th, 2009 @ 1:50 am

    If you aren’t sure what’s happening with your credit, it’s time to check. Many people have discovered that they can receive a credit reports for free. This means that once every six months you’re able to get a free consumer credit history report, and it’s all available online. This is a great way to keep tabs on your credit and avoid being a bad credit risk.

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