Home Mortgage Rates – Interest Rates Continue to Drop for Major Banks and Lenders Nationwide on May 21, 2010
Posted on | May 21, 2010 | Comments Off
Home mortgage rates are currently at 2010 lows as interest rates continue to drop for major banks and lending institutions nationwide. At the present time we are seeing 30 year fixed mortgage rates around 4.6% which is also getting very close to an all-time low.
With most mortgage lenders offering rates at this level it should not be hard to find low interest rates in your area. By simply doing some research online you will likely find that their many offers from low home mortgage rates from banks and lending institutions in your local neighborhood.
The 10 year treasury rate yield has dropped to new 2010 lows which is help to push mortgage interest rates lower. As the 10 year treasury rate yield is well below its 200 day moving average many people think that mortgage rates could stay low for a significant period of time. Unfortunately, predicting financial markets is something that is not easily done.
With Americans noticing that mortgage interest rates are very close to all-time lows refinance activity is likely to pick up. Many major news sources have reported that refinance activity has increased since mortgage rates have dropped well below 5%.
Author: Mike Garner
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