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Ask Shop Rate: Lisa - New York

Posted by  on Apr 16, 2009
 
What are the major factors to consider in trying to determine which way interest rates are likely to trend? That is a great question, however, it is not one easily answered. There are innumerable factors that go into what the current mortgage rates are at. Personally, I always try to keep an eye on the 10-year Treasury bond. It is probably the best indicator of where rates have been and where they are headed. There are a variety of sites that keep you up-to-date on the current Bond prices and yields that might be able to help you in speculate which way the rates are going to trend. Also, our Daily Mortgage Commentary will often drop hints on which way the market may be headed.


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