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The latest information on current mortgage rates
Will current mortgage rates last?
Mortgage rates stayed the same ahead of the holiday weekend, with the 30-year average holding at 3.10%.
As the end of the year approaches, it seems that interest rates will follow expert forecasts and stay slightly higher than 3%. Treasury yields are moving higher, which in turn are helping to keep mortgage rates above the 3% mark.
Looking ahead over the next few weeks, it seems likely that rates will continue to remain fairly steady, with no significant movement in either direction.
On Wednesday, the yield on the 10-year Treasury note opened at 1.665%, even with Tuesday’s close of 1.665%. There tends to be a spread of about 1.8 percentage points between the 10-year Treasury and average mortgage rates. Yields have been on a steady upward trend since last Thursday, which could indicate that mortgage rates will follow suit.