Mortgage Rates Move Higher As Treasury Yields Increase

Treasury yields have been climbing higher since fall 2010.  As a result, mortgage rates have been moving higher as well—and have topped 5% for the first time in months.   Mortgage rates move in tandem with Treasury yields; specifically 30-year mortgages track 10-year bonds. While rates are currently still near historic lows and very affordable, they are predicted to go up in 2011, perhaps to 6%.

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