Current mortgage rates dropped today as interest rates are set to move lower after the decline of the 10 year treasury rate yield. ?Today we saw the 10 year treasury rate yield drop below its 200 day moving average which would lead many people to believe that the 10 year yield bull market run is over.


Before making this assumption it would be wise to look at the last time the 10 year yield dropped below its 200 day moving average. ?At the time current mortgage rates dropped as well but the 10 year yield found support in a double bottom pattern and then started to move higher. ?It will be interesting to see if this happens again.

Interest rates have been low for quite some time and this could continue into the summer as the Federal Reserve Bank continues to take the necessary steps to make sure that interest rates stay low. ?With this in mind it will come as no surprise to see current mortgage rates drop to a level close to 2010 lows.

With mortgage interest rates under 5% now is a great time for Americans to lock in to low rates. ?By refinancing or locking in to a low current mortgage rate today there is a good chance that you could save money and build your personal finance portfolio.

Author: Alan Lake