VA Home Loan Mortgage Rates September 30 – Interest Rates Up
Posted on | September 30, 2009 | No Comments
VA home loan mortgage rates for September 30th, 2009 are up slightly but still under 4% at 3.95%. The conventional 30 year fixed mortgage rates is at 4.95% while the 15 year fixed rate is at 4.5%. These rates are up from earlier this morning when we saw the 30 year fixed as low as 4.84%. If mortgage interest rates can fall below the 4.8% level we might see a free fall to much lower for conventional loans.
With VA home loan mortgage rates being one full percentage point lower than conventional mortgage rates now is a great time to go after a VA home loan. For all the veterans out there who served our country you are being rewarded with one of the lowest mortgage rates in the history of the United States. You can only use this luxury once though so make sure you make the right choice when buying your home.
The month of October is going to get very interesting for mortgage rates as a whole as the Federal Reserve Bank is going to stop buying US Treasuries by Halloween. With this being the case there is a very good chance that we will see mortgage interest rates increase as treasury yields move higher. The only way treasury yields will not move higher is if foreign investors sink a lot of money into US debt and that doesn’t look to be the case at the moment.
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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