Personal Loans for Bad Credit

Currently we are seeing the 30 year fixed mortgage rate around 4.9% but that could change very soon.  If the 10 year treasury rate yield continues its strong uptrend that began in December we could see mortgage rates much higher.  Over the week we have seen a high consolidating pattern from the 10 year yield but if it can break 3.85% then we could see a strong move towards 4%.  Mortgage rates are likely to react to this by moving higher towards 5.5%.


Over the summer we saw the 10 year treasury rate yield as high as 4% and at that time mortgage rates moved all the way to 5.59%.  No one knows, with 100% certainty, that the 10 year yield uptrend will continue but there is a strong possibility that the 50 day moving average and 200 day moving average will hold as strong support.  With both of these moving averages moving up at the present time you can guess that mortgage rates could move much higher in the next few months.

With mortgage rates under 5% at the present time it is a great time to lock into a low mortgage rate.  Whether you are buying your first home or refinancing your current home there are great opportunities to lock into a mortgage interest rate that is very attractive.  You might not want to wait too long or the 10 year yield might continue its strong uptrend and push mortgage rates towards 6%.

Author: Jesse Wojdylo