Markets that directly affect mortgage loan rates--Mortgage Backed Securities and Treasuries--didn’t perform so well during midday trading on Wednesday, prompting some to wonder if weather-related issues and an unclear picture of how those issues might affect the markets were spinning market behavior.

It seems the markets could be shrugging off some economic data until there’s a better idea of how those weather issues will play out. These issues were discussed during the trading day, but how did mortgage loan rates for VA loans ultimately fare in the wake of weaker-than-expected Housing Starts and Building Permits numbers?

Never mind that, some market watchers seem to say. Instead they point to a spoiler that came in the form of the notes from the January Federal Open Market Committee meeting--once these notes were out, lenders began repricing and rates started to creep upwards. The overall best execution rates for conventional mortgages didn’t change, but the upper end of those best execution rates are more likely than the lower end, depending on the lender.

VA mortgage loans haven’t budged, staying firmly in the comfort zone reported below, though VA mortgage loan rates do tend to vary more from lender to lender than their conventional counterparts.

VA mortgage loans have, in terms of past performance, had a tough time straying out from their comfort zone once it’s been found--at least until overall market conditions warrant a new VA mortgage loan rate or a move to a range of rates with a high number and a low number. Today, rates crept up due to the FOMC release, but those changes would be reflected in closing costs in some case. Some industry professionals are recommending borrowers go for an interest rate lock now, and it seems likely that more market uncertainty in the coming days could bring more of the small-scale back and forth activity from mortgage rates that we’ve seen already this week.

Here are the VA mortgage loan rates for Wednesday February 19 2014. These rates are best-execution rates and your access to them depends in your FICO score and other credit qualifying data. Your experience may vary.


●    30-year fixed rate conventional mortgages: Between 4.375% and 4.5% depending on the lender
●    FHA mortgage loan rates: 4.0%
●    VA mortgage loan rates: 4.0%
●    15-year fixed rate mortgages: Between 3.375% and 3.5% depending on the lender
●    5-year adjustable rate mortgages: Between 3.0% and  3.50% depending on the lender