VA home loan mortgage rates continue to go down on October 6th, 2009.  The conventional 30 year fixed
mortgage rates is currently at 4.86% which means that the 30 year VA home loan rate is approximately 3.86%.  Lenders approximate VA home loans to be between .5% and 1% below conventional mortgage rates so this is our estimate.  Even though the 10 year treasury rate yield was up today we still saw mortgage interest rates sideways to down.

This column is usually written around noon time but due to some important issues we are not submitting the content until 10:00 pm Eastern time.  We apologize for any inconvenience that we may have caused from this delay.  We should be back on the daily schedule tomorrow.  With that, we can analyze the full day in terms of the 10 year yield and mortgage rates.  The 10 year yield has been up since it tested the 200 day moving average
Friday which makes us think mortgage rates could be heading higher.

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