Mortgage Rates Forecast – Interest Rates to Follow the 10 Year Yield?
Posted on | July 23, 2009 | No Comments
Please get your mortgage rates forecast at Subprime Blogger. Return every Monday, Wednesday and Friday as that is when the forecast is updated.
The current mortgage rates forecast is going to get VERY interesting as the 10 year treasury rate jumped almost 4.5% today alone. This puts the ten year treasury rate yield at 3.7% which means that mortgage rates are VERY likely to move higher. The assault on 4% for the 10 year yield looks very likely now as nothing Ben Bernanke has done can break the uptrend of the yield. I would not be surprised at all to see a very strong move in the upward direction from mortgage rates over the next few days and weeks.
If you have been thinking about refinancing or buying your first home, I would do so now as it looks like mortgage rates could hit 6% very soon! Do not make an irrational decisions just because mortgage rates are likely to jump, but please realize that if you wait too long, you could lose a full percentage point in savings on your mortgage.
Please check out the daily Subprime Blogger rant; today I addressed the issue of Robin Hood Obama:
Robin Hood Obama, this story is all too familiar. Small businesses are increasing prices and cutting staff because of YOU! Didn’t you want to increase jobs? Well, your higher tax policy for the wealthy and health care bill are two ways to increase unemployment
Please read the entire article here: Robin Hood Obama, Stop Taking from the Rich to Give to the Poor
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