Mortgage,Rate,Predictions,for, finance, share, loan Mortgage Rate Predictions for April 2010 - Treasury Yields P
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Mortgage rate predictions are usually on the minds of Americans when interest rates start to move higher. Over the last week we have seen the Federal Reserve Bank conclude their mortgage backed securities purchase program and the 10 year yield has accelerated much higher. These are two signs that much higher rates are likely to come. It is very difficult to make accurate mortgage rate predictions on a week to week basis but over a long period of time there are trends that can be used to make assumptions as to where rates are going. Unfortunately, there are many signs pointing to much higher rates as we head into the summer of 2010. Do not be surprised to see rates as high as 5.5% or 6% before the summer rolls around. At the beginning of the year some analysts had predicted that interest rates were likely to reach as high as 7.5% or 8% by the end of the year. This is a very bold prediction but now that the Federal Reserve Bank has taken their hands out of the pot it is a great possibility that rates could rise to these high levels. In April 2010 we have seen mortgage rates as low as 4.75% and as high as 5.15%. This volatility is likely to continue as the up trend is carved out. For those who have been looking to refinance at a low rate it might be smart to contact a lender sooner rather than later because rates could be much higher soon. Article Tags: Mortgage Rate Predictions, Mortgage Rate, Rate Predictions, April 2010, Interest Rates, Much Higher
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