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Daily Mortgage Rates and 10 Year Treasury Rate – July 6th

Posted on | July 5, 2009 | No Comments

The 10 year treasury rate did not trade through the Holiday weekend, so there isn’t much change from the last update, but I wanted to post it for those of you who come here on Monday morning.  I fully expect to see the 50 day moving average of the 10 year to hold as strong support.  When this happens look for mortgage rates and the 10 year to trend higher.

The equation used for the correlation between mortgage rates and the 10 year treasury rate is

y = 2.7283(x)^2 + .5881(x) +.0308.

10 Year Treasury Rate – 3.50%
The correlation shows that the 30 year fixed rate should be approximately 5.47%.  Actual rates…

30 Year Fixed Rate Mortgage – 5.33%

Category: 10 year treasury rate, 30 year fixed rate mortgage

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