Mortgage Rates According to Goldman Sachs

Goldman Sachs says the benchmark 10 year treasury yield, the best indicator for 30 year fixed mortgage rates, is headed to 3 percent. What does this mean for mortgage rates if Goldman is correct about the future of the yield?

Mortgage rates have waivered between 4.875 and 5.5 percent the past few months. If Goldman's analysis of the yield is accurate mortgage rates should move downward torward 4.5 percent and remain between 4.5 percent and 5 percent for the rest of 2009.

Mortgage Rates Hold Steady

Today's mortgage rates held steady tas the benchmark 10 year treasury yield, the best indicator for fixed mortgage rates, rose slightly to 3.45 percent (+1.53 percent) .

Today's 30 year fixed mortgage rates are as low as 4.875 percent at par, where they've remained since September 3rd. Today's 15 year fixed mortgage rates are as low as 4.25 percent at par. Today's 5/1 ARM mortgage rates are as low as 3.75 percent at par.

Par rates include normal points and fees.

Zillow is the latest to report mortgage rates averaging under 5 percent.

Freddie Mac releases their average 30 year fixed mortgage rates report every Thursday.

Mortgage Rates Down 5 Straight Weeks and Counting

Many analysts predict this week's Mortgage Rates Survey by Freddie Mac will show 30 year fixed mortgage rates averaging under 5 percent Monday through Wednesday. The 10 year treasury yield, the best indicator for current mortgage rates, has descended 5 straight weeks touching a 2 month low Friday afternoon.

Bond auctions continue to draw strong demand driving down mortgage rates. TALF, a program created by the Fed to purchase Residential Mortgage Backed Securities and keep interest rates low continues through December.

Mortgage rates remain under 5 percent.

Mortgage rates remain under 5 percent despite the rise in the benchmark 10 year treasury yield this morning. The yield shot up over 3.5 early today before retreating to 3.479 percent. FreeRateUpdate.com research shows current 30 year fixed mortgage par rates available at 4.375 percent. 15 year fixed mortgage par rates are as low as 4.375 percent. 5/1 ARM mortgage rates are currently available as low as 3.875 percent at par.

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.

Today's Mortgage Rates are Steady and as low as 4.875 % Fixed for 30 Years.

Today's mortgage rates are steady following a slight up tic in the benchmark 10 year yield. The yield rose from 3 to 3.3 today. Mortgage rates were up marginally as current 30 year fixed mortgage rates are as low as 4.875% at par. Par includes regular points and fees. 15 year fixed mortgage rates are as low as 4.375%. 5/1 ARM's are as low as 3.875%. Freddie Mac reported average 30 year fixed mortgage rates at 5.08% this week down from last week.

Mortgage Rates are Down Again. 30 Year Fixed Mortgage Rates are Now Available as Low as 4.75 Percent with Zero Buy Down Points.

30 year fixed mortgage rates descended to the rare mark of 4.75 percent this afternoon following a decline in the benchmark 10 year treasury yield. The yield, which drives current mortgage rates fell to a 3 1/2 month low today closing at 3.30. Analysts now predict the yield will reach 3.00 before the end of the year.

The yield and mortgage rates were driven down this afternoon as investors continued to favor bonds in fear the stock market gained too much too quickly as signs of economic stabilization surfaced throughout August.

Our research of wholesale mortgage lender's rate sheets shows today's 30 year fixed mortgage rates as low as 4.75 percent with zero buy down points. 15 year fixed mortgage rates are available as low as 4.25 percent with zero buy down points. 5/1 ARM mortgage rates are available as low as 3.75 percent with zero buy down points. Today's mortgage rates are accurate as of this afternoon and include normal points and fees. Buy down points are additional points paid to lower the interest rate. Some lenders have not yet adjusted their rates to reflect this afternoon's improvement.