Yes, VA rates are very similar to other products, as they go up and down tied to the bond market.
Yes they are tied to the bond market just like all other programs
Yes.. all conforming rates go up based on how the bond market performs.. Understand that VA does not lend money.. the only insure loans against default... and since all loans are sold on the open market through mortgage backed securities, then depending on market conditions and fluctuation, rates will adjust accordingly. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com NMLS# 226347
The simple answer is yes.
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