We are pleased to announce that VHFA has lowered its home mortgage interest rates today.   Although they were this low for several months earlier in the year,  VHFA's rates have never been lower. 

The new rates are: 

About 31 percent of American homeowners with mortgages owe more on their mortgages than their home is worth, according to a recent report from Zillow.   The incidence of the problem ranges greatly by region, however.

President Obama recently announced new housing relief for servicemembers and veterans, including those wrongfully foreclosed upon or denied a lower interest rate on their mortgages.

Automatic federal tax increases and spending cuts due to take effect this year are likely to push the economy into a recession in 2013, according to an analysis released this week by the Congressional Budget Office. The contraction would be accompanied by a dramatic fall in the federal budget deficit.