Subprime Blogger

Your Mortgage News Source

Mortgage Rate Predictions – Interest Rates Up Big This Week

Posted on | July 19, 2009 | 1 Comment

Please use Subprime Blogger to get all of your mortgage rate predictions.  There are also several articles to assist you in finding the best fixed rate mortgage.

The current mortgage rate predictions are very bad news for those of you who were hoping to get a lower interest rate this week.  Last week we saw the 10 year treasury rate yield jump over 10%!  This is a huge number for a one week move.  To compound matters, the 10 year yield is now above the 50 day moving average and that is looking to be a support level.  We could very well see an assault of 4% on the 10 year yield sometime very soon, maybe even in the next few weeks.  If this happens, expect those low mortgage rates to move up towards 6%.

Last week we saw that the Freddie Mac weekly mortgage survey showed overall mortgage rates being down.  That will not be the case this week.  While we do not know where the 10 year treasury rate is headed for the first half of this week, it is highly unlikely that it is going to tank well below its 50 day moving average.  With that being said, this weeks mortgage rate predictions are:

30 Year Fixed Rate Mortgage – 5.42%

If this is the case, it will be WELL above last week’s number and there will be a huge media push that mortgage rates are heading much higher again.  By reading Subprime Blogger, you stay well ahead of the crowd!

Please check out the daily Subprime Blogger rant; today I let Mr. Bernanke know how I feel:

Oh, so you are planning now for the “restoration of fiscal balance?”  I call bullshit!  The more statements that you make, the more I realize that you are full of shit Mr. Bernanke.  Printing money in an attempt to spend our way out of this recession has not worked in the past so why do you think it will in the future?

Read the entire article here: Ben Bernanke, Please let the Markets Set Interest Rates

Category: Mortgage Rate Predictions
Tags: > >

Comments

One Response to “Mortgage Rate Predictions – Interest Rates Up Big This Week”

  1. Subprime Blogger / Mortgage Rate Predictions – The Fed Purchases $75 Billion in Mortgage Backed Securities
    July 19th, 2009 @ 8:26 pm

    [...] 19th – The current mortgage rate predictions can be found here: Mortgage Rate Predictions – Interest Rates Up Big This Week. There is very bad news on the horizon as the 10 year treasury rate yield continues its strong [...]

Leave a Reply





    • Subprime Blogger is Digg proof thanks to caching by WP Super Cache!