Jurgen,
I agree. It's pretty low now.
I've been tracking the rates for a while using this site:
http://mortgage-x.com/general/mortgage_indexes.asp
I have a 4.85 rate that ends in about a year, so I'm hesitant to pull the trigger early for a 5.25+/- rate for 15 or 30 yrs. I admit I haven't calculated the the differences of the various scenario.
Quote:
Originally Posted by turbo6bar
The 10 yr treasury bond is a proxy for mortgage rates. 10 yr treasury yields are the lowest in well over over 50 years. Records don't go back further than 1955, so we don't know if this is an all-time record low. Mortgage rates track the 10 yr bond.
The recent fall in treasury yields means mortgage rates are likely to dip a little further in the short term. Long-term--- it's anyone's guess, but I'd be cautious of trying to squeeze more from this turnip. Mortgage rates are near record lows. What more do you want?
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