Mortgage Interest Rates February 4 – Interest Rates Stable Today
Posted on | February 4, 2010 | No Comments
Mortgage interest rates for February 4th, 2010 are stable today. The 30 year fixed rate mortgage is down slightly to 4.85% while the 15 year fixed mortgage rate is unchanged at 4.28%. The 5/1 ARM is up to 3.94% but in very little volume. Yesterday we saw a strong move higher in the 10 year treasury rate yield but there has been a pullback early today.
Mortgage rates continue to remain below 5% which makes many below we are seeing the calm before the storm. For the entire year of 2010 the 30 year fixed mortgage rate has been between 4.8% and 5%. With many analysts predicting higher mortgage interest rates in the future one must wonder what will happen when we break out of this range to the upside.
The 10 year treasury rate yield has been consolidating to moving lower for all of 2010. It has continued to bounce of its 50 day moving average would could eventually propel it much higher. If there is a strong bounce you can deduce that mortgage rates are going to increase to above the 5% mark.
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
Comments
Leave a Reply