Bad Credit Online Magazine - Daily News and Advice on Credit, Debt and Mortgage : 10-Year Note yield is at the highest since June 2004

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March 06, 2006

10-Year Note yield is at the highest since June 2004

The yield crossed 4.7% and currently is just under 4.74%. The interest rates will move accordingly - higher, but now much is not clear. The rates are still ridiculously low, Conforming 30 Year Fixed Rate Mortgage is around 6.250 - 6.375% and 15 Year Fixed Rate Mortgage is around 6.00%.
More telling is how close are the interest rates for Adjustable Rate Mortgages to the 30 year Fixed Rate Mortgage. The difference is about .250 - .375%. Rates on interest-only ARMs that are always higher, are pretty much the same as for 30 year Fixed.

Posted in Mortgages at March 6, 2006 12:56 PM

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