Is it time to refinance your VA Loan? It could be if your existing va interest rate is 6.25% or higher and you plan to keep your home. We will start the new year with some of the best VA rates ever. Reducing your interest rate by 1% or more can save you $100/month on a $200,000 loan. If your current mortgage is larger, the more you can save.

 Here are just some of the benefits:

• Reduced monthly payment
• Save thousands of dollars in interest over the life of the loan
• NO credit checks to qualify
• NO Income requirements
• NO Appraisal
• NO out of pocket costs (fees can be rolled into the new loan)
• Low 0.5% VA funding fee
• Very little paperwork
• Fast and Easy
• Convert to a low va Fixed rate from your adjustable rate

 Ask about the VA Streamline Refinance option with your loan officer. Or visit http://www.va-loans.com/refinance.html

Best VA rate of 2008

The markets have driven the VA Loan rate down to levels we have not seen in a long time. Starting in Early December the VA rate dropped below 6% and has continued to decline. Over the last two weeks we have seen 5% for a fixed rate va loan. Now today those rates have dropped again. We are seeing rates between 4.875% and 5%.

These rates should last into early January 2009, but there is never a guarantee. If your shopping for a home, apply and lock in the best va rate of the year!

What does it mean? When you see a va loan rate of 5% Fixed, it means when you lock your rate at 5% it will never go up. Unlike adjustable rates that we have seen go up, in some cases adding hundreds of dollars to a monthly mortgage payment. When you apply for a va loan, make sure your rate is fixed.

“0″ points means you don’t pay a fee to get the rate. Some lenders will quote a low internest rate, but tell you must must pay points (a fee) to buy down the rate. With todays very low fixed rates there is no need to buy the rate down.

If your looking for the best low va rates, apply with va-loans.com today.

A month ago we said that 6% was considered a good rate. However with the current market conditions we are now saying 5.25% is a great rate to lock. If you are buying a home in the next 60 days, I strongly recommend you lock in your rate. Currently we are seeing rates approach the 5.0% mark which is truly an incredible rate to have. The difference 1% makes on a $200,000 loan is $126 per month!

The loan officers working with va-loans.com work hard to find the best va rate from dozens of local and national lenders nationwide. Contact us today and let us find you the best va rate.

In the past two weeks we have seen the best va rates all year. What a great way to end 2008 and start 2009, with a low fixed va rate for your new home. There are thousands of military families preparing for purchasing a home in 2009 becuase home prices have dropped and rates are low.

Inquire now about our low va rate mortgages.

VA Rates are dropping today to levels we have not seen in a long time. The markets are reacting to the feds decision to lower rates to help people refinance out of high interest rate loans. If you considering buying a home soon, apply today and lockin this great low rate before rates go back up.

5.375% is 0 points / 30 year fixed.

This week va rates didn’t move much. Earlier in the week they were 6.12% but fell back to 5.875% and remained there. We continue to beet the competition with our rates and will continue to work hard building relationships with investors and lenders so that we can offer our clients the best deal possible.

Rates fell significantly yesterday on favorable bond market reaction to the elections. Rates are down to 5.875% from 6.50%. They could continue to slide today to 5.75%. If you’re not locked you need to be. If you lender has you locked at a higher rate, contact us today and let us lock you with a low va rate loan.

VA Rates were at their best on Monday at 6.12% and only got worse from there. This was not a good week to lock in your VA loan. The markets continues to fluctuate and the bond market acted accordingly. We topped out the week and 6.50% but recovered slightly on Friday afternoon. We ended the week at 6.25%, about ¼ above our recommended lock. We continue to recommend a lock at 6.00%, this is a great rate to be holding for the next several years.

There continues to be uncertainty as to what the economy is going to do. In the short term I suspect it will get slightly worse, so we will continue to see fluctuations in the bond market.  If you’re looking to buy in the next couple months, I strongly suggest you get pre-qualified so you’re ready to lock at a moment notice. I think we will see 6.00% again next week.

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.

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.