Compare Mortgage Interest Rates Today – Home Loan Rates Shoot Much Higher
Posted on | March 26, 2010 | 1 Comment
If you are looking to compare mortgage interest rates today it is important to understand that home loan rates have shot much higher over the last two days. We have seen 30 year fixed mortgage rates move up from 4.75% to 5.05% in a matter of 48 hours.
With this being the case there are many homeowners who are looking to get a low interest rate today. It is very possible that we have seen the bottom for mortgage rates and 6% mortgage rates are likely to be in the near future. It would be wise to take advantage of rates now rather than wait until they have moved higher.
Most mortgage lenders are still offering mortgage interest rates around 5% but this is not likely to last much longer. You may find that lenders have already started to push mortgage rates up as the 10 year treasury rate yield has moved much higher over the last few days.
The 10 year treasury rate yield in the 30 year fixed mortgage rate have had a very strong correlation since 1971. As the 10 year treasury rate yield moves higher is usually the case that mortgage rates follow. The 10 year yield has been up significantly over the last few days.
Author: Mike Garner
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March 29th, 2010 @ 5:30 am
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