Compare Mortgage Interest Rates Today – Lowest Rates Still Ahead in 2010?
Posted on | March 10, 2010 | No Comments
Many current and future homeowners will look to compare mortgage interest rates today wondering if the lower rates are still ahead of us in 2010. Unfortunately, no one knows the answer to that question and many people are actually predicting otherwise. Many analysts feel that mortgage rates are going to move up soon.
The Federal Reserve Bank is going to complete their mortgage backed securities purchase program in the very near future which is likely to push mortgage interest rates higher. Some CEOs and analysts have predicted that the conclusion of this program could push mortgage rates up as much as one full percentage point.
With that in mind financial markets usually predict the future rather than follow the past. Many feel that mortgage rates should have already started to move up and that has not happened. Since the beginning of 2010 we have seen the 30 year fixed mortgage rate in a tight range between 4.7% and 5%.
If you are looking to compare mortgage interest rates there are many free resources available online. Remember that this is a very competitive industry so you should have very little trouble contacting many mortgage lender and finding the right lender for you.
Author: Alan Lake
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