| Today's lowest mortgage interest rates have moved | | | | short weeks into the spring 30 year rates are starting |
| from 4.75% to 5.15% in the month of April 2010. The 10 | | | | their climb. No one knows if this climb will continue but it |
| year treasury rate yield has started a strong up trend | | | | has been a strong move higher in just a few short |
| above its 50 day moving average and this has pushed | | | | weeks. |
| 30 year fixed mortgage rates much higher. In a few | | | | With housing markets still struggling there is a good |
| short days we saw the 30 year fixed rate move up a | | | | possibility that many Americans will continue to look to |
| quarter of a percentage point. It should be very | | | | buy homes if rates stay low. President Obama and his |
| interesting to see where interest rates go from here. | | | | staff realized this but unfortunately there is only so |
| Many homeowners are likely to be looking for today's | | | | much the Government and the Federal Reserve Bank |
| lowest mortgage interest rates as they want an | | | | can do to hold interest rates low. Eventually the |
| opportunity to lock in to a low rate before we start to | | | | market is going to set rates and that could be exactly |
| see home loan rates move higher. At the beginning of | | | | what is happening in April of 2010. Look for rates to be |
| the year many analysts predicted that rates were | | | | very volatile over the next few months. |
| likely to start rising in the spring of 2010. Just a few | | | | |