October 30th, 2009 
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VA home loan mortgage rates for October 30th, 2009 are down. We have seen mortgage rates down today as the 10 year treasury rate has fallen back to its 50 day moving average. The conventional 30 year fixed rate mortgage is down to 4.79% while the 15 year fixed is down to 4.26%. The conventional 5/1 ARM is actually up to 3.78%. VA home loan mortgage rates are generally .5% to 1% below conventional mortgage rates.
The 10 year treasury rate yield is going to have a very interest week next week. It is currently sitting proper at its 50 day moving average but the Federal Reserve Bank is going to stop buying US Treasuries as of November 1st. With this being the case there is a very good chance that we are going to see a strong up trend in the 10 year treasury rate yield.
As the yield up trends you can expect to see mortgage enlist rates follow. As the 10 year product goes so go mortgage rates. There has been a strong correlation since 1971 and we continue to see that correlation into 2009. If the 10 year yield gets back up to its summer high near 4% then it is likely that we are going to see mortgage interest rates around 5.5%.
Make sure to check out Subprime Blogger on a daily basis for your VA residence loan rates. We will display the current VA home loan rates as well as a short commentary similar to the more than column. Bookmark the following VA Loan category to gain easier access to our daily VA lend rates column.
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Tags: Loan Mortgage Rates, Mortgage Rates, October 30, Rates