Mortgage Interest Rates November 13 – Still Near Lows
Posted on | November 13, 2009 | No Comments
Mortgage interest rates for November 13th, 2009 are still very near all time lows. We are currently seeing the 30 year fixed mortgage rate at 4.72% while the 15 year fixed is at 4.21%. The 5/1 ARM is actually up significantly to 3.81%. There has been very light volume and that is likely to continue as we head into another weekend in the fall.
The 10 year treasury rate yield bounced off its 50 day moving average last week and moved higher. This week we have seen a consolidation period and the 10 year yield has moved sideways to down. This has helped to keep mortgage interest rates very close to all time lows. The all time low weekly average for mortgage rates is 4.61% and that was set in March.
It will be very interesting to see what the rest of November brings for mortgage rates. We at Subprime Blogger thought the 10 year yield up trend was going to cause mortgage rates to move higher but this has definitely not been the case. When the Fed takes their hand out of the pot there will be an increase in rate but that might not be until after March 2010.
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: Jesse Wojdylo
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