Mortgage Interest Rates October 20 – 15 Year Fixed 4.31%
Posted on | October 20, 2009 | 1 Comment
Mortgage interest rates for October 20th, 2009 are up across the board. The 15 year fixed mortgage rates is up to 4.32% while the 30 year fixed is up to 4.85%. To finish things off the 5/1 ARM is also up to 3.84%. It is interesting to see mortgage interest rates up while the 10 year treasury rate yield continues to trend below its current 50 day moving average; somethings got to give.
It is extremely early in the trading day so the movement of the 10 year yield is quite insignificant at this point but early on it looks as if it is moving below its 50 day moving average and this is now going to serve as a point of resistance. Once agin, it is very early so we will have to see how the day plays out as far as treasury yields.
Mortgage rates continue to remain historically low as President Obama and his administration introduced another mortgage help plan yesterday. As with all of this mortgage plans part of the objective is to keep mortgage rates low so all borrowers can have access to these rates. The government is spending a ton of money to keep interest rates low but this low interest rate environment is looking all too much like the early 2000s.
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: Jeremy North
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October 20th, 2009 @ 8:08 am
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