Current Mortgage Rates Standing Still. 30 Year Fixed Mortgage Rates Today.

30 year fixed mortgage rates opened the day right where they closed Friday afternoon, as low as 4.875 percent at par.

The benchmark 10 year treasury yield, the leading indicator for 30 year fixed mortgage rates, spiked this afternoon. As a result it's likely unless there's a major after hours movement in treasury futures 30 year fixed mortgage rates will open tomorrow our of the 4's, at 5 percent, for the first time in a week.

The dollar is at it's lowest level in comparison with the Euro for 2009. That's not good news for long term bond yields and mortgage rates. The mortgage rates forecast went from improvement this week to likely deterioration.