Daily Mortgage Rates and 10 Year Treasury Rate – July 27th
Filed Under (Mortgages) by admin on 25-07-2009
The 10 year treasury traduce saw a slight decline on Friday but nothing significant. It will be very interesting to see if the push towards 4% continues this week. I still cannot believe that mortgage rates remain so low yet the 10 year yield continues to push a great quantity higher. It might be the case that average mortgage rates move drastically in one week similar to the way they did in late May but we will just gain to wait and see what happens.
The equation used for the correlation between mortgage rates and the 10 year treasury rate is
y = 2.7283(x)^2 + .5881(x) +.0308.
10 Year Treasury Rate – 3.67% The correlation shows that the 30 year fixed rate should be approximately 5.61%. Actual rates…
30 Year Fixed Rate Mortgage – 5.28%
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