Mortgage Interest Rates September 20 – 30 Year Above 5%
Posted on | September 20, 2009 | No Comments
Mortgage interest rates on September 20th, 2009 we up when compared to the previous day. The 30 year fixed mortgage rate is at 5.04% while the 15 year fixed is at 4.48%. Each of these are up from the previous days average. The 5/1 ARM is at 3.97% which is unchanged from yesterdays average. Mortgage rates are usually not that active on weekends because banks and lending institutions are closed so I would not look into the 30 year going over 5% as this is likely to change as the work week starts tomorrow.
Weekends are quite inactive when it comes to financial markets. All of those who work on Wall Street and the financial world take some time off to prepare for another grueling week. The same is try for mortgage rates. While there is a little bit of fluctuation it is not likely that we are going to see a significant move one way or the other in rates. The movements are going to come when Monday morning rolls around and the Treasury markets open up.
Mortgage rates remain near historic lows and American home owners realize this as there has been a great increase in interest in mortgage rates over the last week. If we continue to see a downward motion the interest will continue to swell. If you have been thinking about refinancing now would be a good time to go ahead and get started on your mortgage application and lock in at this low mortgage 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:
Author: Alan Lake
Comments
Leave a Reply