Everything You Need To Know About Mortgages

VA loan mortgage rates?

My husband and I are thinking of buying our first home using his VA loan benefit. Our friends used theirs in Jan 2009 and they received 5.5% interest rate, they have really great credit and we dont, my husbands score is 635. When I called around today (i called 6 places mortgage companies and banks) I was told the VA interest rate has gone up, 2 banks quoted me 6%, 3 said 6.5% and another said 6.75%%.. These numbers have nothing to do with credit as I never provided any info for them, only asked what the current VA mortgage rates were... I thought rates were dropping...Im confused now

Those seem high, im not sure what the current rate is but we just bought our house using the VA and we also got 5.5% fixed rate

FHA mortgage rates, VA mortgage rates How to read a mortgage ratesheet

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