VA Home Loan Mortgage Rates September 25 – Interest Rates Stable
Posted on | September 25, 2009 | No Comments
VA home loan mortgage rates for September 25th, 2009 have stabilized greatly at 3.97%. Yesterday we saw mortgage interest rates for the conventional 30 year fixed rate go from 4.91% to 5.05% and everywhere in between. Today we have seen interest rates stabilize as the blow off after the Federal Reserve Bank meeting seems to be over. Many analysts are wondering if the time to refinance was before that meeting but only time will answer that question.
Now that we know the Federal Reserve Bank is going to leave the Fed Funds Rate unchanged we can breathe easy that mortgage rates are going to stay near lows. The only major worry that home owners who want to refinance might have is that the Fed is starting to ease all the purchase programs they are a part of. By the end of October, the Fed plans to stop buying US Treasuries.
The Fed also plans to spread out the amount of mortgage backed securities purchases through March of 2010. It is likely that mortgage rates will stay low through the purchases of mortgage backed securities but they might not stay as low with the Fed not purchasing treasuries. In all reality, it might have been the best time to refinance your home the day prior to the Federal Reserve Bank meeting. That being said, average mortgage rates are still below 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:
Author: Heather Best
Comments
Leave a Reply