If you’re shopping for the best VA rates, then there are a couple things you should know. First rates change daily and are based on what the bond market is doing. Each mortgage company or investor determines daily what their profit margin will be for offering money for home loans. Some want premium pricing, meaning they set interest rates higher than most. Others offer lower interest rates with less profit hoping to get more loans.

Here at va-loans.com we have over 120 lenders and investors that we watch daily to find you the best va loan interest rates. We have a price engine that allows us to shop for you and identify who is offering the best va rate at that moment in time. Because we watch the market conditions and also the rates we know a good rate when we see it.

Currently the best VA Rates will be 6% and below. In the past couple of weeks we have seen rates jump to 6.5% them fall back again hovering at 6% most of the time. So if you get a chance to lock a rate at 6%, 5.875, 5.75, or 5.625, I would highly recommend you lock it!

As noted on our home page, last week’s best rate was 5.875% while many companies were offering 6-6.25%. This week we have already seen 5.625% but that has since risen again.

Contact us for current rates, or apply and let us rate shop for you.

Tags: Best va rates, bond market, VA Rates

This entry was posted on Thursday, October 23rd, 2008 at 12:04 pm and is filed under Main. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.