VA Home Loan Mortgage Rates December 14 – Interest Rates Mixed
Posted on | December 14, 2009 | No Comments
VA home loan mortgage rates for December 14th, 2009 are mixed today. We are currently seeing the conventional 30 year fixed rate mortgage at 4.7% while the conventional 15 year fixed rate mortgage is at 4.24%. The conventional 5/1 ARM is around 3.71%. Generally VA home loan mortgage rates are around .5% to 1% lower than conventional mortgage rates therefore interest rates are very attractive at the present time.
If you have been thinking about locking into a low VA home loan mortgage rate now might be one of the best times in history. The conventional 30 year fixed rate mortgage hit an all time low in late November. The all time low of 4.49% was immediately erased as the 10 year treasury rate yield pushed much higher which in turn pushed mortgage interest rates much higher.
Even though the 30 year fixed is now up to 4.7% this is still extremely low when looking at historical mortgage rates. Now is the time to contact your lender and see what mortgage rate you will qualify for. It might be a good idea to go ahead and get started on a mortgage application today so you avoid the crowd that we are likely to see when the new year rolls around.
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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