VA Loan Rates Drop to Record Low
National average for a 30-year fixed VA loan dips to 4.69%
Mortgage rates fell this week to the lowest level on record, giving consumers added incentive to lock in low payments for home purchases and refinanced loans. The average rate for 30-year fixed VA loans sank to 4.69 percent, from 4.75 percent last week, mortgage firm Equity VA Loans said Thursday. That's the lowest point since Freddie Mac began tracking rates in 1971. The previous record of 4.71 percent was set in December. Rates for 15-year and five-year mortgages also hit lows.
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