VA Home Loan Mortgage Rates October 31 – Rates Drop
Posted on | October 31, 2009 | No Comments
VA home loan mortgage rates for October 31st are down quite a bit but being a weekend we cannot take much merit in these moves. The conventional 30 year fixed mortgage rate is down to 4.71% while the 15 year fixed mortgage rate is down to 4.2%. The conventional 5/1 ARM is also down to 3.7%. VA home loan mortgage rates are generally .5% to 1% below conventional mortgage rates.
Weekend movements in mortgage rates are never very significant because all financial markets and most financial institutions are closed. With this being the case there are not a huge amount of quotes and those quotes are not affected be the financial markets. The week ahead will be very interesting for mortgage rates though.
For those of you who have been thinking about refinancing or buying your first home now is as good of a time as ever. Mortgage rates are well below 5% and mortgage lenders are happy to work with borrowers. Do not let this opportunity pass you buy, get out there and start the home refinance process today.
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: Mike Garner
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