Compare Mortgage Interest Rates Today – 30 and 15 Year Rates Higher in Late March
Posted on | March 29, 2010 | No Comments
With the possibility of mortgage rates moving higher in the very near future many people will look compare mortgage interest rates today. Both the 30 and 15 year fixed mortgage rates have been higher in late March as the 10 year treasury rate yield is in an uptrend.
Late last week we saw the 10 year treasury rate yield break through its 50 day moving average and move much higher. This pushed 30 year fixed mortgage rates from 4.75% to 5%. We can expect to see a move higher in mortgage rates if the 10 year yield continues in an up trend.
At the present time we are seeing 30 year fixed mortgage rates around 5% and 15 year fixed mortgage rates around 4.3%. While these mortgage rates are still very low there’s a strong possibility that we could see much higher mortgage rates in the very near future.
Before mortgage rates start to move higher it might be a wise decision to take action today. There are many lenders that continue to advertise low rates but you will need to submit your application as soon as possible to have an opportunity to get a low mortgage interest rate.
Author: Jeremy North
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