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VA Home Loan Mortgage Rates November 10 – Mixed Rates Today

Posted on | November 10, 2009 | No Comments

VA home loan mortgage rates for November 10th, 2009 are mixed. Today we are seeing the conventional 30 year fixed mortgage rate up to 4.77% while the conventional 15 year fixed rate is down to 4.24%. The conventional 5/1 ARM is up slightly to 3.61%. VA home loan mortgage rate are generally .5% to 1% lower than conventional mortgage rates so you can see that VA loan rates are very attractive at the current time.

Since bouncing off its 50 day moving average the 10 year treasury rate yield has moved sideways to down. This is to be expected as nothing goes straight up; if it did go straight up there would be a crash right back down to reality. All up trends needs sideways consolidation or down days. The interesting thing about the 10 year yield is that the 50 day moving average is not starting to turn to an upward direction.

If the 10 year yield continues to move higher then mortgage interest rates are eventually going to follow. This has yet to be the case as the 10 year yield has been up trending since the beginning of October while mortgage rates have moved sideways. There is a good chance that mortgage interest rates will react all at once when the 10 year yield finally breaks to new yearly highs. A move up of .75% or more would not be unimaginable at this point.

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: Tiffany Mann

Category: VA Loan

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