Mortgage Rate Predictions – Interest Rates Up to 5.2%
Posted on | July 23, 2009 | No Comments
Please use Subprime Blogger to get your weekly mortgage rate predictions. The new mortgage rate predictions articles are posted every Monday, Wednesday and Friday so please check back in.
My mortgage rate predictions for this week were quite a bit high. On Monday, I made the following prediction:
30 Year Fixed Rate Mortgage – 5.42%
ACTUAL 30 Year Fixed Rate Mortgage – 5.2%
I honestly thought that the 10% move in the 10 year treasury rate yield was going to push average mortgage rates much higher but it was not the case. Mortgage interest rates were up, but not nearly as much as predicted. This week has been a sideways movement in the 10 year treasury rate yield until today when the yield moved up 4.5%; this is sure to push mortgage rates higher late this week and early next week. I would think that mortgage rates would start to correlate with the 10 year yield a little bit more in the near future and that means that interest rates will move up dramatically. Please check back in on Monday morning to get next weeks mortgage rate predictions.
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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