VA Home Loan Mortgage Rates September 27 – Interest Rates Steady
Posted on | September 27, 2009 | No Comments
VA home loan mortgage rates for September 27th, 2009 remain steady at 3.93%. Most analysts assume that there is going to be very little movement for mortgage interest rates on the weekend, especially the last weekend of the month. September is also not a very exciting month when it comes to the mortgage market as most people are settled into their current home. With this being the case we can expect this week to be a little bit quiet, at least until the Fed starts to slow their purchases of US Treasuries.
By Halloween the Fed stated that they are going to be done buying US Treasuries. If this is the case, you can bet that there will be at least a short term rally in treasury yields. With less money flowing into treasuries the yields are going to increase to make them more attractive to foreign buyers. The question that must be answered is how high will the yields have to go before these investors are willing to sink money into US debt.
Hopefully the yields will not go too high because the 30 year fixed mortgage rate follows treasury yields. If we see the 10 year treasury rate yield double then it is likely that we will see mortgage interest rates go up drastically. WIth this being the case, now is one of the best times in history to get your home refinanced. If you have been waiting to get this done, I would suggest getting started 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:
Author: Jeremy North
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