Mortgage Interest Rates November 28 – Rates Up Today
Posted on | November 28, 2009 | No Comments
Mortgage interest rates for November 28th, 2009 are up today. The 30 year fixed mortgage rate is up to 4.61% while the 15 year fixed mortgage rate is up to 4.28%. The 5/1 ARM is also up to 3.83%. The 10 year treasury rate yield has plummeted through its support level of the 200 day moving average and there is no doubt that all time low mortgage rates are ahead.
For much of last week we saw mortgage interest rates at all time lows. The lowest level that the 30 year fixed mortgage rate reached was 4.52%. Average mortgage rates being at this level are quite unreal. If you have been thinking about refinancing or getting your first mortgage now is the best time in the history of the United States housing market.
No one knows just how far mortgage rates are going to drop so it would be a good idea to go ahead and submit your mortgage application while we are sitting at all time lows. The Federal Reserve Bank is going to stop purchasing mortgage backed securities at the end of March so that may be the time that mortgage rates hit a floor and bounce higher. Even if that is the case, now is a great time to get out there and refinance your current home loan.
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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