Mortgage Interest Rates Falling with the Treasury Yield »
Posted By ChangeToday 4 months, 3 weeks ago in NewsIt seems highly likely that mortgage interest rates are going to fall with the 10 Year Treasury Rate Yield. Earlier this week the Federal Reserve Bank announced they were going to purchase US debt which sent the yield on the 10 year plummeting. After the news finally settled in, the yield was down almost 5%. Average mortgage rates are sure to fall as well as there is a very strong correlation between the 10 year treasury rate yield and the interest rate on the 30 year fixed rate mortgage.
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