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Daily Mortgage Rates and 10 Year Treasury Rate – July 27th

Posted on | July 27, 2009 | No Comments

The 10 year treasury rate saw a slight decline on Friday but nothing significant.  It will be very interesting to see if the push towards 4% continues this week.  I still cannot believe that mortgage rates remain so low yet the 10 year yield continues to push much higher.  It might be the case that average mortgage rates move drastically in one week similar to the way they did in late May but we will just have to wait and see what happens.

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 – 3.67%
The correlation shows that the 30 year fixed rate should be approximately 5.61%.  Actual rates…

30 Year Fixed Rate Mortgage – 5.28%

Category: 10 year treasury rate, daily mortgage rates

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