Monday, April 4, 2011 - Article by: OGI Mortgage Bankers -
No much in the way of economic reports. Interest rate markets will continue to take their lead from how the stock market performs each day. The bellwether 10 yr note, although likely to edge higher over the next few months, has twice found near term support when its yield climbs to 3.5% and in turn is keeping mortgage interest rates from increasing. We continue our outlook that rates will increase but the level of increase won't be excessive; likely not over 4.00% for the 10 and another 40 basis points higher for mortgage rates for the rest of the year.
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