There is a very good chance that low mortgage rates are here to stay in May 2010. ?Today, interest rates are down as the 10 year treasury rate yield has dropped below its 200 day moving average. ?This is the first time in 2010 that the 10 year yield has dropped below the support level of the 200 day moving average.


Many American homeowners are very excited to see mortgage rates below 5%. ?Each and every time the 10 year yield finds a support level it bounces back very strongly and moves up for a significant period of time. ?The last time that the 10 year yield was below the 200 day moving average there was an entire month of moving higher.

Low mortgage rates have become very popular over the last 18 months as President Obama and his staff have taken the necessary steps to keep rates low. ?Just last week we heard the Federal Reserve Bank make comments that they were going to work hard to keep interest rates low for an extended period of time.

With personal finances being a very popular subject over the last few years it comes as no surprise to see many Americans hoping that low mortgage rates are here to stay in May 2010.

Author: Heather Best