Mortgage rates usually mirror to some degree the yields on the 10 year treasury note. With Ben Bernanke announcing the Fed’s plans to pull back on its programs of economic stimulus the price of yields on the 10-year treasury bounced up. With it mortgage rates bounced up nearly a quarter point as well. We may be at the beginning of the expected rate increases already.
Comments Off on Mortgage rates increase today after Fed meeting Posted by G.R.A. Admin on Wednesday, February 10th, 2010