Wednesday, May 06, 2009

30 Year Conventional Mortgage Rate (Chart, 0506)

30 Year Mortgage
  • Mortgage interest rate remain low and are hovering around 4.80 percent.
  • Meanwhile, the ten year Treasury yield is rising and mortgages are tied to treasuries in the long run. 
  • Mortgage interest rates remain low as the FED continues to buy mortgage backed securities and add them to their balance sheet.  
  • The FED action is capping rates in the mortgage area for now.
Subscribe to All American Investor via Email

Follow All American Investor on Twitter