The credit union is one of the top VA loan lenders, and among its offerings are VA loans for purchases; VA streamline refinancing (an Interest Rate Reduction Refinance Loan, or IRRRL); and Military Choice loans for borrowers who’ve exhausted their VA benefit, with no down payment or mortgage insurance requirement.

Yes, today’s 30-year fixed va loan interest rate is 2.25% (2.421% APR), according to our lender network*….VA loan rates today.

Navy Federal Credit Union (NFCU) has our best 15-year fixed VA loan rate program because the current rate is only 2.25%, among the lowest of any lender.

It’s important to understand that the VA doesn’t set interest rates. Lenders set their own rates, based in part on what’s happening in the mortgage bond market. VA loan rates can change multiple times in a single day, and two different lenders may quote you two very different rates.

Current VA Mortgage Rates

The VA says the higher fees are needed because the loans don’t require down payments or private mortgage insurance, though like other loans, the fees can be rolled into the monthly mortgage payment. There’s also the VA’s home inspection, known as the Minimum Property Requirements or MPR.

Today’s national 15-year refinance rate trends For today, Monday, July 19, 2021, the national average 15-year fixed refinance APR is 2.650%, down compared to last week’s of 3.310%. The national average 15-year fixed mortgage APR is 2.680%, down compared to last week’s of 3.320%.

Most homebuyers choose a 30-year fixed-rate mortgage, but a 15-year mortgage can be a good choice for some. A 30-year mortgage can make your monthly payments more affordable. While monthly payments on a 15-year mortgage are higher, the cost of the loan is less in the long run.

Today’s mortgage refinance rates move lower – July 15, 2021 The 15-year fixed refi average rate is now 2.43 percent, down 1 basis point since the same time last week.