Daily Mortgage Interest Rates Today for July 29 – Morning Update – New July Low for 30 Year Rates
Posted on | July 29, 2010 | 1 Comment
Daily mortgage interest rates have been around 4.4% for the 30 year fixed for the entire week. Today we are seeing a drop to new July lows even though the 10 year treasury rate yield has found support at its 20 day moving average. It will likely be the case that if the 20 dma serves as strong support then we will not see fixed mortgage rates much below there current levels. Daily mortgage interest rates today for July 29 are as follows:
30 Year Fixed Mortgage Rates – 4.35%
15 Year Fixed Mortgage Rates – 3.88%
With the markets opening right now it will be interesting to see how 10 year treasury rate yields react to the data that has been released. This morning we found out that initial jobless claims were down from the revised number of last week. This is a good sign for the overall economy but with 457,000 jobless claims we are nowhere near out of the woods. The Fed remains strong in its stance that it will keep interest rates low for an extended period of time and that is exactly what is happening.
Author: Alan Lake
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July 29th, 2010 @ 1:40 pm
Thanks for keeping this going.