Mortgage Rate Predictions – Interest Rates Stay Around 5%
Posted on | August 2, 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.
Mortgage rate predictions have been very difficult lately as the 10 year treasury rate yield has done the exact opposite of mortgage rates. This is very unsual, but has definitely been the case. As the 10 year yield was pushing higher, mortgage rates trended sideways to down! At the end of last week, we saw the 10 year yield sell off and mortgage rates have fallen all the way to 5.05%.
This is great news for anyone who is looking to refinance or buy their first home. I think we all know someone who refinanced back in March and got a mortgage rate well under 5%. Now might be the time to go ahead and get started on the mortgage application because the government continues to do everything they can to keep interest rates as low as possible. With this knowledge my mortgage rate prediction is:
30 Year Fixed Rate Mortgage – 5.04%
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