Mortgage lenders including Chase, RBC, Citigroup, Wells Fargo and Bank of America could see home interest rates drop. Home mortgage loan rates have been very low for quite some time and there is a very good possibility that we could see another drop. While these companies are major mortgage lenders it is very important to understand that there are other options available as well.


By doing research on banks and lending institutions in your local area you will likely find that there are many banks offering low home mortgage loan rates. At the present time the 30 year fixed mortgage is at 4.8% which is getting very close to a 2010 low. With the 10 year treasury rate yield dropping today it will come as no surprise to see mortgage rates dropped 4.7% or lower.

In the last few hours the 10 year treasury rate yield has dropped below its 200 day moving average and there is a very good possibility that mortgage rates will follow quickly. With 2010 lows in the near future look for many Americans to take advantage by refinancing or locking in to a low rate.

Author: Heather Best