Home mortgage loan rates have moved up for the last week and this trend seems like it is likely to continue.  We saw the 10 year treasury rate yield shoot up over 10% last week which pushed mortgage rates from 5.05% all the way to 5.45%.  This is very bad news for anyone who was waiting for mortgage rates to drop below 5%.  It looks as if mortgage rates are going to be above 6% before they go below 5%.  There are still companies out there that are advertising mortgage rates under 5% but it seems unlikely that many borrowers will have a chance at this right now.

If you are in the process of refinancing or getting your first mortgage it might be smart to speed up the process.  If you delay the process or even wait, you could be staring at mortgage rates in excess of 6%.  It seems to be the case that most home owners that are trying to refinance have lost interest when mortgage rates get around the 6% mark.  It will be interesting to see if this is the case in the near future.

Overall, it looks like mortgage rates are going to continue to move higher.  The 10 year yield has been in rally mode since the beginning of 2009 and it looks like there is little that is going to change that.  It is advisable to contact some of the lenders that are offering mortgage rates under 5% as this is not likely to be the case in a few months or even a few weeks.

• Daily Mortgage Rates
• Mortgage Rate Forecast
• Mortgage Rate Trends

Make sure to use Subprime Blogger to get your mortgage rates forecast.  There are also several articles to help you get one of the best home loans available.

Home mortgage rates have been near historical lows for quite some time now.  Even though we saw a quick move up in late May and early June, we are still at levels that most home owners would love to lock in at.  Current mortgage rates are around 5.3% and have been moving sideways over the last few weeks.  Is now the time to refinance your home loan?

The only way to answer that question is to analyze the number of YOUR home mortgage.  If you feel you can save a full percentage point and you are not concerned with shelling out some money for closing costs, now might be as good of a time as any to apply for a refinance.  If you wait until later this summer, you may find that daily mortgage rates are around 6% or higher.  There is no doubt that the government is going to do everything in their power to keep average mortgage rates low, but it seems that the uptrending 10 year treasury rate is going to take mortgage rates along with it.

If the 10 year treasury rate continues its assault on 4% like it did last month, watch for home mortgage rates to be around 6%.  If you wait to refinance at this point, it might not even be worth it when you include closing costs and the time and effort it takes to do research on mortgage rate trends and go through the trouble of the refinance appraisal.  If you have been considering refinancing your home mortgage now would be the time to do it before we see a bounce in the 10 year treasury rate.

There is a chance that the 10 year breaks down and mortgage rates do drop below 5%, but are you will to take that chance.  I truly feel that we will see a bounce in home mortgage rates shortly and that will be bad news for any of you who waited just a little bit too long to refinance.