Mortgage Rate Trends Could Help You Save Money - Mortgage Rates Trends

mortgage rates trends

By Jesse R Wojdylo

Mortgage rate trends are something that is searched every single day on Google. Recently, it has been a keyword phrase that has been searched even more because home owners and new home buyers see that overall rates have hit a short term bottom and have been heading higher over the last few weeks. Most Americans do not want the long term downward trend to be broken, but with a for more weeks of an uptrend and that is likely to happen.

The government also does not want that to happen as they want to keep low mortgage rates in an economy like this. The housing market has seen some unbelievable declines and if we continue to see rates increase, it is likely that those declines are going to get even worse. President Obama and Ben Bernanke know this and that is why they have been doing everything in their power to push over rates below 5%. Unfortunately, the 10 year treasury rate has continued to work itself higher which has caused and increase in interest rates.

If you have been following mortgage rate trends over the last few years, you likely know how much money can be saved by doing a little bit of extra research. We all have friends and family who locked in at rates well below 5% and they are reaping the benefits right now. Having lower mortgage payments can make everything in your financial life much easier so why not take the time and do a little bit of extra research so you too can save every month.

Subprime Blogger offers you up to date information on current mortgage rate trends. Having access to Low mortgage rates is something every American wants, let Subprime Blogger help you!

Article Source: http://EzineArticles.com/?expert=Jesse_R_Wojdylo

mortgage rates trends

Mortgage Rates Trends - Trends Showing Higher Mortgage Interest Rates

mortgage rates trends

By Jesse R Wojdylo

Current mortgage rates trends are showing that we should expect higher interest rates in the very near future. The trend in the 10 year treasury rate yield that began back in January remains intact and as strong as ever. If this trend continues, we could see the 30 year fixed mortgage rate over 6% before we know it. Obviously this is very bad news for home owners who were hoping to refinance at low rates.

If you were hoping that the mortgage rate trend would reverse and head down, you might have missed the boat. Overall rates have stayed above 5% for two months now and it looks like 6% is the next target. The three decade downtrend that began back in 1982 looks to be bottoming out in the years from 2002 to 2009. This bottoming process could mean that average mortgage rates could head into the double digits in the next few years.

No one wants this to happen, especially the government, but the government is going to be the exact reason we do see higher mortgage rates. By forcing rates lower through the purchasing of US debt, the Federal Reserve Bank has devalued our currency. As the US dollar drops in value, the 10 year yield increases which causes overall interest rates to move higher. The Fed continues to shell out billions of dollars to buy up mortgage backed securities. This will help to keep rates low now, but eventually, when the dollar gets devalued even more, we are going to see an inflationary period that includes much higher rates.

Subprime Blogger offers information on current mortgage rates trends. By keeping up with average mortgage rates you could save a ton of money by refinancing at the correct time.

Article Source: http://EzineArticles.com/?expert=Jesse_R_Wojdylo

mortgage rates trends