Sunday, February 13, 2011

Mortgage rates rising

U.S. Treasury yields and bond markets

CNNMoney article - mortgage rates, driven by yield on the 10-year Treasury, is rising because of improving economy and because rates are so low they have nowhere to go but up.  The national average 30-year mortgage rate reached 5.05% in Feb 11, breaking 5% for first time since May 2010.  Some predict the rate to increase to 5.5% to 6% by end of 2011.

No comments: