Daily Mortgage Rates Headed South
Daily mortgage rates are definitely going to head much lower now that the 10 year treasury rate has broken through its 50 day moving average. If you have been contemplating getting a mortgage or refinancing your current mortgage, now might be the time to do it as rates are sure to go lower. Overall, look for mortgage rates to head towards the 5% level before seeing any major bounce. If the 10 year continues lower, we could see mortgage rates under 5%.