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Mortgage Interest Rates December 26 – Mortgage Rates Drop Today

Posted on | December 26, 2009 | No Comments

Mortgage interest rates for December 26th, 2009 are down early today.  The conventional 30 year fixed mortgage rate is down to 4.91% while the 15 year fixed mortgage rate is down to 4.41%.  The 5/1 ARM is also down to 3.85%.  Mortgage rates over the Christmas holiday should be taken with a grain of salt as most banks and lending institutions are closed and all financial markets to not reopen until Monday.


The 10 year treasury rate yield continued its trek towards 4% last week; the yield is currently at 3.8%.  If this move higher continues in January or February we are likely to see the 30 year fixed mortgage interest rate push higher towards 5.5%.  There is likely to be a cooling off period this week as the 10 year yield has made a straight move up from 3.2% to 3.8% in the month of December.

Many homeowners have been frustrated with the fact of mortgage rates heading higher going into the new year.  There is a great increase in mortgage applications at the beginning of each year and 2010 is likely to be no different.  Unfortunately, these applications are coming about a month too late if these borrowers were looking to lock in to all time low mortgage interest rates.

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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