Do you think home loan rates will come down this week ?
Written By: admin on July 22, 2009
One Comment
From past few weeks I have seen the home rates going up above 5% to 5.65%.
Do you reckon that rates might come down this week ?
I heard that there will be a 10 yr bond treasury auction on june 10th and hoping that the rates will go down ?
Any suggestions or inputs.
Thanks
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I don’t reckon so its going to come down any soon. In last five week it went up from 4.75% to 5.07% in 15 year fix mortgage last reading. It took five week or may be more to went up and it gonna take week to come down that’s happened because of refinancing.
About 10year treasury if the demand is gonna high for US debt than it might come down. 10 year goes up because of too much supply.
10 year is closely related to 30 year fix mortgage.
watch how excellent the auction is watch the results.