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VA Home Loan Mortgage Rates – Mortgage Interest Rates Higher Today

Posted on | November 5, 2009 | No Comments

VA home loan rates for November 5th, 2009 were up as the 10 year treasury rate yield continues to move higher.  The conventional 30 year fixed mortgage rate is up to 4.97% and the 15 year fixed is at 4.32%.  The conventional 5/1 ARM is also up to 3.84%.  VA home loan mortgage rates are generally .5% to 1% lower than conventional mortgage rates so you can see VA home loan rates are very attractive at this time.

The 10 year treasury rate yield has carved out a steady up trend since the beginning of October when the Fed announced that they will no longer purchase US Treasuries.  Since the bounce of the 200 day moving average the 10 year yield has worked all the way above its 50 day moving average.  The current up trend has the potential to move yields all the way up to 4%.

If the 10 year yield moves all the way up to 4% then it is likely that we are going to see conventional mortgage interest rates around 5.5% or higher.  Many analysts have predicted that we are going to see mortgage rates around this level before the end of the year and if that is the case it would be a wise idea to lock in to a low mortgage rate today rather than waiting.

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

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