Posted by Chris Richards on May 6, 2015 4:19:00 PM
I always keep my eye on bond rates, as they drive the 5 year fixed interest rates. Normally, we find 5 year mortgage rate at ~1.6% higher than the bond-yield, now at 1.13. This tells me 2.63% should be 5 year rate, and we are about there now. With any continued up-trend, rates may start to rise.
Topics: Mortgage News & Updates
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