Mortgage Rates Forecast – Interest Rates Around 5%
Posted on | August 2, 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 became a little bit more clear over the last week. For quite some time I have thought that the rising 10 year yield would pull mortgage rates higher. Well, the exact opposite happened and the low mortgage rates pulled the 10 year yield lower. If the yield continues to break down below its 50 day moving average, it looks as if mortgage rates could very well go below 5%.
If you have been thinking about refinancing or getting a first mortgage, now might be as good of a time as ever to start doing the research and getting the mortgage application filled out. Luckily there are plenty of mortgage lenders out there that are advertising mortgage rates well below 5%. You might think that you do not have a chance to get rate this low but you will never know until you go through the process.
You have taken the proper steps in figuring out where mortgage rates are headed, now it is time to take the next step and see what kind of mortgage interest rate you can get. The only way you can do this is to actually contact a lender and see what types of offers you can get!
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