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19 Jul 10 Great Year for VA Loan Origination

Few mortgage insiders would argue that 2010 has been a worthy year for VA lending companies.  Most VA lenders have posted positive results in VA loan origination in the first and second quarters of 2010 because current VA mortgage rates have declined to record lows.   On Saturday Reuters reported that the thirty-year home loan rates remained at 4.57% for the week ended July 15, matching the prior’s week’s all-time low.  This report released by Freddie Mac covers the interest rate for conventional, FHA and VA interst rates.  A year ago, the VA interest rate averaged 5.14%.  Read the original article online > VA Mortgage Lenders Selling Record Low VA Rates.

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