Mortgage Interest Rates November 9 – Rates Higher Today
Posted on | November 9, 2009 | No Comments
Mortgage interest rates for November 9th, 2009 are up early. Today we are seeing the conventional 30 year fixed mortgage up to 4.81% while the 15 year fixed is up to 4.29%. The conventional 5/1 ARM is also up slightly to 3.59%. The 10 year treasury rate yield has started the week lower but it is still very early in the trading day so that could change at any time.
Last week and this past weekend we saw mortgage interest rates grind sideways to down. The 30 year fixed mortgage rate got as low as 4.73% this weekend before moving slightly higher. This trend remains unusual because when the 10 year treasury rate yield moves high mortgage interest rates tend to move higher as well. There is a strong possibility that there is a delayed reaction in mortgage rates similar to May 2009.
Refinance rates continue to remain low which makes the home refinance process very attractive. Many home owners have already saved a great deal of money by refinancing under 5%; it is not your opportunity to take advantage of this. President Obama has done everything in his power to keep interest rates low so make sure to lock into a low mortgage rate.
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: Tiffany Mann
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