VA Home Loan Mortgage Rates September 28th – Rates Steady
Posted on | September 28, 2009 | No Comments
VA home loan mortgage rates for September 28th, 2009 are showing that mortgage interest rates are steady. Early on today we saw conventional 30 year fixed rates at 4.87% but in recent hours rates have moved up to 5%. This means that VA home loan rates are around 4% because, in general, VA rates are approximately one full percentage point lower than conventional mortgage rates.
With VA home loan rates getting extremely close to all time lows, October might be the best month in recent history to buy a new home or refinance your current home. The Federal Reserve Bank has made it apparent that they are going to stop buying US Treasuries by the end of October so it might be a very good idea to get started on the mortgage application process rather than waiting until its too late and mortgage rates are moving higher.
It is likely that we are going to continue to see mortgage rates low but if there is a short term rally in treasury yields then we will definitely see mortgage rates move back above 5%. Do not let this great opportunity pass you by. If refinancing is an option for you take action and do what it takes to lower your current mortgage rate. It could save you hundreds of dollars a month on your mortgage payment.
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
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