October 16th, 2009 
admin 
VA home loan mortgage rates for October 17th are mixed or up slightly. The conventional 15 year fixed mortgage rates is up to 4.34% while the 30 year fixed is unchanged at 4.85%. The conventional 5/1 ARM is also unchanged at 3.83%. With VA home loan mortgage rates generally being .5% to 1% lower than conventional mortgage rates we can examine that there are great opportunities to lock into a low mortgage advantage rate.
Week mortgage rates can be in a great degree volatile as the volume of quotes is much lower than during the week. With all financial markets closed and most banking and lending institutions closed it is hard to take any movement in mortgage rates very serious. There will be ups and downs throughout the weekend but the well and good direction of mortgage rates will not be determined until at least Monday.
In the past week we saw the 10 year treasury rate yield break through its 50 day moving average. We are still waiting to see if this break has any strength as the 10 year yield still sits right at this level. It the yield can push higher causing the 50 dma to start up trending we can expect to see higher mortgage rates in the very near future.
Make sure to check revealed Subprime Blogger adhering 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.
VA Loan
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Tags: Fixed, Loan Mortgage Rates, Mortgage Rates, October 17