Bad Credit Online Magazine - Daily News and Advice on Credit, Debt and Mortgage : Mortgage rates will go up as 10 Year Treasury Note broke 4.65% yield

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March 02, 2006

Mortgage rates will go up as 10 Year Treasury Note broke 4.65% yield

10 Year Treasury Note did it again with the yield standing at 4.66% at this very moment. Of course we shall see the closing price and yield. The question is if this price drop will be sustainable and it will become a support point. Then it will go even higher and if this happens, expect 30 year fixed rate mortgage be 7 percent.

According to Bloomberg, "U.S. 10-year Treasuries fell the most in five weeks on speculation international investors will demand higher yields after the European Central bank raised interest rates."

Posted in Mortgages at March 2, 2006 12:26 PM

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