Mortgage Rates Current

Mortgage rates current made new 2011 lows this week. Treasury yields also made new lows for the year on the fear of another recession. Some economic analysts say the bond market has already see a new recession. We might already be in a recession. Current mortgage interest rates on 30 year home loans can be found under 4.00% with about 1.5 to 2 mortgage discount points.

Deposit rates list CD rates and savings account rates also made new lows. You can find the best CD rates online by searching for CD rates at RatesORama.com.

15 year mortgage rates can be had as low as 3.00%, also with purchasing 1.5 or 2 mortgage points on the application. 10 year bond yields made new 2011 lows this past week and haven’t been as low since the 2008 financial crisis. 10 year bond yields are at 2.13% right now but were as low as 2.04% yesterday.

Long term fixed mortgage rates are tied to bond yields so has bond prices move higher and bond yields move lower mortgage rates also move lower. Lower bond yields also send short term adjustable mortgage rates lower. 5 year adjustable mortgage rates currently are available as low as 2.00% with 2 mortgage points at Aimloan.com.

If you’re in the market for a home or are thinking about refinancing your current mortgage loan you should do so before mortgage rates start heading heigher in 2012. If you’re lucky you might want to wait a couple of weeks for mortgage rates to go lower and lock in a 30 year conforming mortgage at 3.75% or a 30 year jumbo mortgage at 4.25%.