Daily Mortgage Interest Rates Today for July 23 – Morning Update – Refinance Rates See 10 Year Treasury Yield Up
Posted on | July 23, 2010 | No Comments
This morning the 10 year treasury rate yield is seeing a slight bounce to the tune of .75%. While this is not a huge move it is still enough to push 30 and 15 year fixed refinance mortgage rates higher in the very near future. With that being said, fixed mortgage interest rates have yet to move with the 10 year treasury rate yield as the morning update is as follows:
30 Year Fixed Mortgage Rates – 4.37%
15 Year Fixed Mortgage Rates – 3.88%
If the 10 year yield continues to push higher this weekend then it will be all in due time that mortgage interest rates follow. Although this move in the 10 year yield is not a strong move higher there is plenty of room to the upside at the present time. Since the beginning of April the 10 year treasury rate yield has dropped from 4% to as low as 2.9%. The 20 day and 50 day moving averages will likely serve as overhead resistance for the next few weeks but a drop that fast will likely mean a bounce higher sometime soon.
Author: Alan Lake
Tags: 10 year yield > daily mortgage interest rates > daily rates > daily refinance rates > morning interest rates > morning mortgage rates > mortgage interest rates today
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