The mortgage interest rate information website Bankrate.com shows mortgage interest rates rising once again this week due to a low demand in investor interest in the government sale of 3 year Treasury notes.
While Bankrate is showing a larger than expected increase in mortgage interest rates this week, Refinancemyplace.com is still showing that there are still mortgage rates as low as 3.25% to be had for borrowers with good to excellent credit.
Treasury Bond Investors are staying on the sidelines and requiring higher yields to enter the T-Bill Market as opposed to the booming Stock Market that just recently saw the Dow Jones Industrial Average go over 12,000 for the first time in 2 ½ years.
Federal Reserve Chairman Ben Bernanke indicated last week that the Federal Reserve would carry on with plans to implement the 600 billion dollar government bond purchase plan even though the labor market showed positive growth on Friday.
Chairman Bernanke said Thursday that “Looking at the whole range of statistics on the labor market, the sense is that employers are becoming more willing to hire, and I think we’ll start seeing some stronger payroll reports and some lower unemployment rates pretty soon.”
Bankrate Reveals Mortgage Interest Rates Increasing Yet Again
Read more about The Mortgage Interest Rate Information Bankrate
While Bankrate is showing a larger than expected increase in mortgage interest rates this week, Refinancemyplace.com is still showing that there are still mortgage rates as low as 3.25% to be had for borrowers with good to excellent credit.
Treasury Bond Investors are staying on the sidelines and requiring higher yields to enter the T-Bill Market as opposed to the booming Stock Market that just recently saw the Dow Jones Industrial Average go over 12,000 for the first time in 2 ½ years.
Federal Reserve Chairman Ben Bernanke indicated last week that the Federal Reserve would carry on with plans to implement the 600 billion dollar government bond purchase plan even though the labor market showed positive growth on Friday.
Chairman Bernanke said Thursday that “Looking at the whole range of statistics on the labor market, the sense is that employers are becoming more willing to hire, and I think we’ll start seeing some stronger payroll reports and some lower unemployment rates pretty soon.”
Bankrate Reveals Mortgage Interest Rates Increasing Yet Again
Read more about The Mortgage Interest Rate Information Bankrate
