Mortgage Rates Forecast – Where Will Interest Rates Go in August?
Posted on | July 19, 2009 | 1 Comment
Please use Subprime Blogger to get your up-to-date mortgage rates forecast. There is also a weekly column on mortgage rate predictions to assist you in picking the right time to refinance or get a first mortgage.
The current mortgage rates forecast may have greatly changed last week. When looking at a six month chart of the ten year treasury yield, you can see that a lower upward trendline can be drawn right at the bounce that occurred last week. To make this even more convincing is the fact that the 50 day moving average served as a level of support on Friday. Now that the 10 year yield is at 3.65% and likely to move higher towards 4% we are likely to see higher mortgage rates.
I will be the first to admit that I thought the trendline and the 50 day moving average were almost one and the same, but I was wrong. The lower trendline was actually below the 50 day moving average and we definitely saw a strong bounce off it. I will post the daily mortgage rates and 10 year treasury rates article shortly and you will be able to gauge just how much average mortgage rates are likely to increase over the next few days.
In the short term, we are definitely going to see higher mortgage rates, but just how high? Well, check back in to Subprime Blogger to get our mortgage rate predictions article later this evening, July 19th.
Please check out the daily Subprime Blogger rant; today I let Mr. Bernanke know how I feel:
Oh, so you are planning now for the “restoration of fiscal balance?” I call bullshit! The more statements that you make, the more I realize that you are full of shit Mr. Bernanke. Printing money in an attempt to spend our way out of this recession has not worked in the past so why do you think it will in the future?
Read the entire article here: Ben Bernanke, Please let the Markets Set Interest Rates
Tags: average mortgage rates > interest rates higher > mortgage rates forecast
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July 19th, 2009 @ 7:23 pm
[...] 19th – The most current mortgage rates forecast article is available here: Mortgage Rates Forecast – Where Will Interest Rates Go in August? The 10 year treasury rate got a huge bounce of over 10% last week so that means average mortgage [...]