Today’s Lowest Mortgage Interest Rates – Home Loans Headed Lower into the Weekend
Posted on | March 20, 2010 | No Comments
Today’s lowest mortgage interest rates are around 4.7% which is very close to a 2010 low. There is a very good chance that we could see home loans headed lower into the weekend. Over the last few trading days the 10 year treasury rate yield has dropped below its 50 day moving average which is a strong indication that interest rates could drop.
It will be very interesting to see if the 10 year treasury rate yield sees a bounce off its 200 day moving average. Over the last several months the 200 dma has served as a support level and has caused a rally in the 10 year yield. No one knows what will happen this time around be do not be surprised to see the 10 year yield bounce.
Over the next few weeks there is a very good chance that mortgage interest rates are going to be very volatile. The Federal Reserve Bank is going to stop purchasing mortgage backed securities which could push mortgage interest rates higher. After the completion of this program many analysts have predicted that mortgage rates could move up at least one full percentage point.
There are many mortgage lenders who are currently advertising low mortgage rates so it should not be difficult to find a lender who can help you. It would be wise to contact many lenders and find the lender with the best customer service but also with very competitive interest rates.
Author: Alan Lake
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