Bad Credit Online Magazine - Daily News and Advice on Credit, Debt and Mortgage : Interest rates are going higher as 10 year treasury note yield rises

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October 13, 2005

Interest rates are going higher as 10 year treasury note yield rises

Mortgage rates are going higher as bond selling intensifies. The yield on 10 year treasury note was pushed today close to 4.50 percent.

According to Freddie Mac weekly survey, 30-year fixed rate mortgage averaged 6.03 percent, for the week ending October 13, 2005, up from last week's average of 5.98 percent. Last year at this time, the 30-year fixed rate mortgage averaged 5.74 percent.

The average for the 15-year fixed mortgage rare this week is 5.62 percent, up from last week when it averaged 5.54 percent. A year ago, the 15-year fixed mortgage rate averaged 5.14 percent.

As we predicted in our mortgage rates trend just last week. The mortgage rates will likely continue to head up for the next several weeks. Just watch ...

Posted in Mortgages at October 13, 2005 02:29 PM

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