Bad Credit Online Magazine - Daily News and Advice on Credit, Debt and Mortgage : Mortgage rates are up again but should improve ever so slightly on Monday

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July 22, 2005

Mortgage rates are up again but should improve ever so slightly on Monday

Mortgage rates went up this week. 10 year treasury bill yield went from around 4.18% on Monday to 4.28% on Thursday which was yesterday.

Today it closed at 4.23%. Meanwhile "cross country" 30 year fixed rate went from 5.66% to 5.73%.

It is a very small increase, f.e. on $200,000 mortgage this means less than $9 difference. The problem with many potential buyers is that they are still thinking in terms of the lowest mortgage rates two years ago. But then 10 year note was yielding just over 3.1%.

Posted in Mortgages at July 22, 2005 04:06 PM

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