Daily Mortgage Interest Rates Today for July 27 – Afternoon Update – 30 Year Fixed Rates at 4.37%
Posted on | July 27, 2010 | No Comments
This morning we reported that the 10 year treasury rate yield is on a streak of four consecutive days of being up or unchanged. As the trading day concludes that is exactly what has happened. The 10 year yield is up 1.77% today to 3.047%. It may take a short period for 30 year fixed mortgage rates to react but we can expect to see a slightly higher number for fixed interest rates if not on July 27th, but sometimes in the near future. The afternoon update for daily mortgage rates is as follows:
30 Year Fixed Mortgage Rates – 4.37%
15 Year Fixed Mortgage Rates – 3.88%
The next few days should be very interesting as the 10 year yield looks to be bouncing off the lows around 2.9%. If the yield can carve out a steady uptrend then it might be the case that fixed mortgage rates begin to move higher. That is a big IF because the Federal Reserve Bank has made it a point that they are taking the necessary steps to keep mortgage interest rates low for an “extended period of time.”
Author: Alan Lake
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