VA Loans Blog

Don't Be Fooled

January 2nd, 2018 7:08 AM by Joan Rusco

VA mortgage rates are lower today than they were one year ago. Look at this chart from Bankrate:



So, what’s all this talk about rising rates?  Much of the talk comes from mortgage lenders trying to rush you into making a decision to act now. It’s the old sales gimmick of making you think that time is running out, it’s a limited time offer, etc.  We at VALoansMN do not subscribe to such hustle. We want our veteran and active duty clients to be fully aware of the mortgage market. We want you to be able to make an informed decision on whether or not to refinance your current mortgage loan or purchase a house using one of our low rate loans. But there is something to consider that might save you lots of money.
Having read our posts you are fully aware the Federal Reserve Open Market Committee (commonly referred to as the Fed) just raised the rate on federal funds. That does not translate to a corresponding increase in VA loan rates. It is more likely to impact rates on consumer credit. If the Fed continues it’s planned federal funds rate increases you are likely to see an increase in rates on credit cards, auto loans and other consumer products. So this may indeed may be good time to take action.

At VALoansMN we can secure a VA mortgage to refinance your existing loan and payoff consumer credit loans. Think of the money saving opportunity this may be given today’s low VA loan rates. Such a move could save you hundreds of dollars in coming months.

Is it right for you?  Call us today at 612.240.9922 and we can run the numbers so you can make up your own mind on whether or not it’s a good move.  We only supply facts. You decide whether or not VALoansMN can help you with your financial goals in 2018. We are here to serve those who have served us.



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