People also ask
What are today鈥檚 VA loan rates?
Today鈥檚 rate on a 30-year, fixed VA loan is 5.15% compared to the rate a week before of 4.96%. The 52-week high rate for a VA fixed mortgage rate was 5.15% and the 52-week low was 3.42%. Mortgage rates across the board are expected to increase through 2022, and so will VA mortgage loan rates.
Is a VA loan better than a 30 year mortgage?
VA loans often have more favorable interest rates than the rate on a 30-year fixed-rate mortgage. When you compare the average 30-year VA loan to a 30-year conventional loan, you鈥檒l see that VA loans tend to be between 0.25% and 0.42% lower than conventional mortgages.
What is the difference between VA loan purchase rates and refinance rates?
VA loan purchase rates refer to the interest on a loan to buy a home, while a VA refinance rate will be your new interest rate after you refinance your mortgage. A VA loan is only available to veterans, active-duty military, reserves or National Guard.
What is the average APR on a VA loan 2021?
For today, Sunday, December 12, 2021, the national average 30-year VA mortgage APR is 3.020%, up compared to last week鈥檚 of 2.970%. The national average 30-year VA refinance APR is 3.110%, down compared to last week鈥檚 of 3.150%.