Mortgage Interest Rates Today February 19 – Fixed Rates Continue Up

Posted on | February 19, 2010 | No Comments

Mortgage interest rates today, February 19th, 2010, are p early today. We are seeing the 30 year fixed mortgage rate up to 4.95% while the 15 year fixed mortgage rate is up to 4.33%. The 5/1 ARM is following the trend and is up to 3.97%. The 10 year treasury rate yield continues to work its way higher towards 4% which is bad news for low mortgage rates.


As the 10 year treasury rate yield up trend continues to strengthen you can expect mortgage interest rates to move higher as well. It will not be surprising at all to see mortgage rates move well above 5% over the next few days as the 10 year treasury rate yield is now about 3.81%. If the assault on 4% continues you can be rest assured that 30 year fixed mortgage rates will be around 5.5%.

At the end of March 2010 the Federal Reserve Bank plans to stop purchasing mortgage backed securities. This is likely to also push treasury yields higher which will, in turn, push mortgage interest rates higher. All signs are pointing towards higher mortgage rates in the near future.

Author: Heather Best

Comments