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Mortgage Interest Rates November 20 – 15 Year Fixed Lower Today

Posted on | November 20, 2009 | No Comments

Mortgage interest rates for November 20th, 2009 are lower.  Today we are seeing the 15 year fixed mortgage rates down to 4.22% while the 30 year fixed mortgage rate is down to 4.63%.  The 5/1 ARM is actually bucking the trend and is up slightly to 3.68%.  The levels we are seeing this Friday are getting extremely close to all time lows.

The 10 year treasury rate yield is up slightly early but this comes on the heels of a week in which the yield broke through its 50 day moving average.  The next level of support for the 10 year yield is the 200 day moving average.  If the 10 year yield breaks the 200 dma support level then there is a great possibility that we will see all time lows for mortgage interest rates.

The 10 year yield and the 30 year fixed mortgage rate have had a very strong correlation since 1971 when Freddie Mac started collecting data.  As one of these pieces of data moves the other tends to follow suit.  The 10 year yield has been up trending but lower mortgage rates were an indication that the 10 year yield needed to fall back to support before moving higher.

Make sure to check out Subprime Blogger on a daily basis for your mortgage interest rates. We will display the current rates as well as a short commentary similar to the above column. Bookmark the following daily mortgage rates category to gain easier access to our mortgage interest rates column:

Daily Mortgage Rates Column

Author: Jesse Wojdylo

Category: FHA Loan Rates

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