We end the week where we started. On Monday rates were 6% but got a little better by the end of the day. Tuesday morning they dropped to 5.75 and remained there through Wednesday. On Thursday the rates began to rise again and hit 5.875%. The turmoil in the markets and the economic fears cause the rates to rise further this morning back to 6%.

As economic fears continue and are likely to continue in coming months, we could easily see rates rise  and fall. However, despite this fluctuation, any va rate at 6% or below Is considered a good rate and buyers should not hesitate to lock it in.

Tags: Best va rates, rate lock, VA Rates

This entry was posted on Friday, October 24th, 2008 at 11:22 am 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.