Mortgage Interest Rates January 10 – Current Rates Mixed Today

Filed Under (Mortgages) by admin on 10-01-2010

Mortgage interest rate for January 10th, 2010 are mixed today as the 30 year fixed mortgage rate is down to 4.94% while the 15 year fixed mortgage rate is up to 4.41%. Today the 5/1 ARM is up to 4.08%. As always, mortgage rate quote volume is extremely slow on Sunday because most banks and lending institutions are closed for the weekend. We will get a victory mark as to the direction of mortgage rates tomorrow when markets and banks open back up.

For much of last week we saw current pledge rates and the 10 year treasury rate yield stable. For the week the 30 year fixed mortgage rate and the 10 year treasury rate yield were basically unchanged. The low level of volatility was expected as mortgage rates and treasury yields had been all of the map before last week.

Many analysts have predicted that mortgage rates are likely to stir up higher in 2010. One chief economist from Morgan Stanley has predicted that mortgage rates will reach as high as 7.5% or 8%. This is very bad news for anyone who is hoping to refinance to a lower mortgage touch rate. It might be a good idea to take action sooner rather than later.

Make sure to check out Subprime Blogger on a daily basis for your mortgage interest rates. We will display the current rates as happy as a short commentary similar to the above column. Bookmark the following daily mortgage rates category to gain easier access to our mortgage interest rates column:

Daily Mortgage Rates Column

Author: Jesse Wojdylo

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