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Mortgage Interest Rates December 1 – All Lows Again Today

Posted on | December 1, 2009 | No Comments

Mortgage interest rates for December 1st, 2009 have started much in the same way they ended November – at all time lows!  The 30 year fixed mortgage rate is at 4.51% while the 15 year fixed mortgage rate is at 4.15%.  The 5/1 ARM is currently at 3.66%.  Each and every day we see lower lows for mortgage interest rates and there is little argument that this is going to chance anytime soon.

Last week we saw the 10 year treasury rate yield drop below its 200 day moving average which was key to pushing mortgage rates to all time lows.  The 200 dma for the 10 year yield is now likely to serve as a point of resistance rather than support.  Each time the 10 year yield starts to rally there is a very good possibility that it will hit this ceiling and move down once again.

Now is one of the best times in history to buy your first home or refinance your current home loan.  WIth home prices very low, tax incentives to buyers and all time low interest rates there is absolutely no reason that you should let this opportunity pass you by.  Take the necessary steps to lock in to a low mortgage interest rate today!

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: daily mortgage rates

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