Today’s Lowest Mortgage Interest Rates – Lock in Low Rates Beginning in March

Posted on | February 28, 2010 | No Comments

Today’s lowest mortgage interest rates are slowly working their way towards 2010 lows.  Many Americans will be looking to lock in to low rates beginning in March.  As March starts we are likely to see the 30 year fixed mortgage rate around 4.75% and heading lower.  Last week we saw the 10 year treasury rate yield low which in turn pushed the 30 year fixed mortgage rate below the 4.8% range.


There are many mortgage lenders that continue to market low mortgage rates as we are about to enter the third month of the year.  For the first two months of the year we have seen the 30 year fixed mortgage rate stay in a tight range between 4.7% and 5%.  It will be very interesting to see what happens if either side of this range is broken.  Many analysts continue to predict higher mortgage rates in the fall of 2010 but this has yet to happen.

The months of March and April are going to be very interesting when it comes to mortgage interest rates.  The Federal Reserve Bank is going to stop purchasing mortgage backed securities (end of March) and we are going to see the expiration of the first time home buyer tax credit on April 30th, 2010.  What this will do to today’s lowest mortgage interest rates is anyones guess.

Author: Alan Lake

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