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current home mortgage interest rates FAQ


The VA Loan Guaranty Program does not provide the mortgage itself, the mortgage loans are made by private lenders such as banks, savings and loan associations, or mortgage companies. To get a loan, you must apply through a lender. Because the VA guarantees


There is no one "rate." Shop around with different lenders. The VA only insures the loan - they don't lend.


Bank Rate {.com} http://www.bankrate.com is a good site, but not all programs run on their rates which are determined by the Federal Reserve Bank.

There are several indexes that are used by different lenders and different lender programs.


6.32%


I don't think that it's too much, and it'll be a challenge to find someplace at a lower rate. As we know, the land value of those in LA are quite hefty.

current home mortgage interest rates news

California Home Sales Uptick in February

18.05.12 Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized rate of 528,010 in February, according to information collected by C.A.R. from more than 90 local Realtors associations and MLSs statewide.  February's sales were up 2.1 percent from January's revised pace of 517,120 and up 5.5 percent from the revised 500,480 sales pace recorded in February 2011.  The statewide sales figure represents what would be the total number of homes sold during 2012 if sales maintained the February
Source: World Property Channel

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