Mortgage Interest Rates November 10 – Current Rates Higher
Posted on | November 10, 2009 | No Comments
Mortgage interest rates for November 10th, 2009 are slightly higher early in the morning. The 30 year fixed mortgage rate is up to 4.81% while the 15 year fixed is up to 4.29%. The 5/1 ARM is actually bucking the trend and is down to 3.46%. Volume has been very light early so these movements are nothing to ride home about; we will see what happens throughout the rest of the day.
Mortgage interest rates continue to remain extremely low when compared to history. This year has been quite amazing when you think about it. Prior to 2009 there were very few home owners who had the chance to lock into a mortgage rate under 5%. This year, home owners have been able to get rates this low for several months.
It will be very interesting to see if the trend continues into December. The 10 year treasury rate yield has been increasing since the beginning of October and eventually that is going to cause mortgage rates to move higher but who knows when that will be. President Obama has definitely done what it takes to keep interest rates extremely low.
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: Heather Best
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