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Daily Mortgage Rates and 10 Year Treasury Rate – August 10th

admin — Mon, 10 Aug 2009 12:39:43 +0000

Daily mortgage rates are around 5.45% yet the relationship to the 10 year treasury rate yield shows that they should be much closer to 5.75%. This is very bad news for anyone who has been thinking about refinancing or getting their first mortgage. For quite some time I have been saying that mortgage rates are going to move up greatly in a very short period of time. Well, last week, mortgage rates moved from 5.05% to 5.45% in less than four days. No one knows if that is going to continue this week but it is possible.

If you want to lock in at a low mortgage rate I would suggest you start contacting some of the lenders that are still advertising rates below 5%. You might not get rate this low, but you do not want to wait until average mortgage rates are above 6%.

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 – 3.85%
The correlation shows that the 30 year fixed rate should be approximately 5.75%. Actual rates…

30 Year Fixed Rate Mortgage – 5.45%

Daily Mortgage Rates and 10 Year Treasury Rate – August 6th

admin — Thu, 06 Aug 2009 13:43:07 +0000

Daily mortgage rates are VERY likely to increase soon as the 10 year treasury rate yield shot all the way up to 3.76% yesterday. This is the highest level we have seen since the sell off from 4% back in the middle of June. This does not look good for mortgage rates. If the 10 year yield continues to make its push towards 4% again, we are going to see mortgage rates make a move towards 6%. If you were thinking about refinancing or getting your first mortgage, I would go ahead and contact the lenders to get the process in gear because if you wait a few weeks, you could definitely see mortgage rates near or above 6%.

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 – 3.76%
The correlation shows that the 30 year fixed rate should be approximately 5.67%. Actual rates…

30 Year Fixed Rate Mortgage – 5.34%

Daily Mortgage Rates and 10 Year Treasury Rate – August 3rd

admin — Mon, 03 Aug 2009 12:37:57 +0000

The 10 year treasury rate yield pulled back greatly last Friday which sent mortgage rates tumbling to around 5%. It looks as if low mortgage rates are actually going to pull the 10 year yield back down to the lower support line. The government continues to take actions to push mortgage rates lower. With this knowledge now might be the time to go ahead on that mortgage application so you can have it ready when rates dip below 5%.

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 – 3.50%
The correlation shows that the 30 year fixed rate should be approximately 5.47%. Actual rates…

30 Year Fixed Rate Mortgage – 5.05%

Daily Mortgage Rates and 10 Year Treasury Rate – July 31st

admin — Fri, 31 Jul 2009 12:36:49 +0000

It is hard to believe that we are already to the last day in July. It seems like the summer just started a few days ago. With that being said the 10 year treasury rate yield continues to work sideways after a two week strong move up. The GDP data this morning will move treasury rates but lets see what happens in the aftermath. Overall, I still think we are going to see mortgage rates catch up to the 10 year yield at one point but who knows when that will be.

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 – 3.64%
The correlation shows that the 30 year fixed rate should be approximately 5.58%. Actual rates…

30 Year Fixed Rate Mortgage – 5.25%

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

admin — Mon, 27 Jul 2009 13:47:31 +0000

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%

Daily Mortgage Rates and 10 Year Treasury Rate – July 24th

admin — Fri, 24 Jul 2009 13:05:03 +0000

Get your 10 year treasury rate yield analysis each weekday morning at Subprime Blogger.

We saw a HUGE move in the 10 year treasury rate yield yesterday. A daily move higher of 4.5% and the yield pushed well above the 50 day moving average. When looking at the equation used for the correlation between the 10 year yield and the 30 year fixed rate mortgage, overall rates should be around 5.63% yet they were still under 5.25% yesterday. I have a very good feeling that we are going to have a day similar to May 28th very soon, a day in which mortgage rates moved almost a full percentage point in less than 24 hours. Unfortunately, if this does happen, it is going to be a move to the upside rather than the downside.

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 – 3.71%
The correlation shows that the 30 year fixed rate should be approximately 5.63%. Actual rates…

30 Year Fixed Rate Mortgage – 5.23%

Daily Mortgage Rates and 10 Year Treasury Rate – July 23rd

admin — Thu, 23 Jul 2009 13:30:20 +0000

Sorry for the absence of the daily mortgage rates yesterday, hopefully I will not let that happen again. With that, yesterday proved to be another solid upward trending day for the 10 year treasury rate yield. The yield pushed all the way back to the 50 day moving average which might be some resistance for a few days. There is still very strong support in the up trending lower support line which looks to be around 3.4%.

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 – 3.55%
The correlation shows that the 30 year fixed rate should be approximately 5.51%. Actual rates…

30 Year Fixed Rate Mortgage – 5.16%

What is VERY interesting to me is the fact that the 30 year fixed should be around 5.51% yet it is still well below 5.25%. This is very likely to change in the near future as I expect mortgage rates to push higher. We shall see…

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To offset the 8% tax on payroll from the Health Care Bill, what do you think small businesses are going to do…..CUT PAYROLL! Great, more job cuts from small businesses, sounds like a great plan!

Please read the entire article here: Health Care Bill Will Further Ruin Our Economy!

Mortgage Rate Predictions – Bernanke Says Lower Interest Rates

admin — Wed, 22 Jul 2009 01:38:49 +0000

Please use Subprime Blogger to get your weekly mortgage rate predictions. There are also several articles on getting the best home loans for your needs.

Even though there has been a drop in the 10 year treasury rate yield over the first few days of the week, I will reiterate that I believe mortgage rates are going to move higher. After Fed Chairman Benanke spoke in front of the House Services Financial Committee the 10 year treasury rate yield tanked over 3%. This did push the 10 year yeild through the 50 day moving average, but the lower upward trending support line remains intact.

If will be very interesting to see how the remainder of the week plays out. Now that Bernanke has done his best to push interest rates lower, what will happen now? I think that we could possibly see a test of the lower trendline and then we will continue to move higher. This is if another major announcement is not made during this period of time. Only time will tell but I will keep my mortgage rate predictions at:

30 Year Fixed Rate Mortgage – 5.42%

Check back in Friday to get the complete summary for the week.

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

Daily Mortgage Rates and 10 Year Treasury Rate – July 21st

admin — Tue, 21 Jul 2009 15:39:53 +0000

A slight pull back in the 10 year treasury rate yesterday was to be expected. There is definitely going to be some consolidation after a weekly move of 10%. It will be interesting to see where the week goes from here, but as of now, this is what it looks like.

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 – 3.58%
The correlation shows that the 30 year fixed rate should be approximately 5.53%. Actual rates…

30 Year Fixed Rate Mortgage – 5.3%

Daily Mortgage Rates and 10 Year Treasury Rate – July 20th

admin — Mon, 20 Jul 2009 13:52:00 +0000

Please use Subprime Blogger to get your current mortgage rates forecast. There are also articles to assist you in getting the low mortgage rates you want!

The 10 year treasury rate yield shot up HUGE last week to the tune of 10%! This is going to force mortgage rates to react this week. It would not surprise me to see daily mortgage rates work their way all the way up to 5.5% before some consolidation. For those of you who were waiting for mortgage rates to drop below 5%, well, I think that is now out of the question for quite some time. The 10 year yield is now above the support level of the 50 day moving average and we are looking at the yield headed towards 4%.

If the yield does hit 4%, it will be likely that mortgage rates will be somewhere around 6%. As I have been saying for quite some time, this is very bad news for the overall housing market, but it might flush the bottom out as higher mortgage rates are going to bring even lower home prices.

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 – 3.65%
The correlation shows that the 30 year fixed rate should be approximately 5.52%. Actual rates…

30 Year Fixed Rate Mortgage – 5.59%

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

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