Highest VA Mortgage Rate Goes to 10%:...
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From Times Staff and Wire Service Reports
Highest VA Mortgage Rate Goes to 10%: The Department of Veterans Affairs said it is raising its maximum interest rate for federally backed VA home mortgages to 10% from 9.5%, effective today. “The higher rate is a response to current demands of the financial markets for higher yields on long-term investments,” the department said in a statement.
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