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Interest Rate News Crystal ball v. 2010 is as near-worthless as all of its predecessors. As this is being written, the 10-year US Treasury yield is 2.99% – down 100 basis points from April. The world’s turmoil results in ‘flight to quality’, which in turn creates demand for US Treasury bonds. However, as we've seen in the past, commercial mortgage interest rates are not following the Treasuries down at the same pace. Most institutional lenders have lowered their spreads somewhat to match the drop in corporate bond rates but have held firm to a ‘floor’ rate somewhere between 5.50% to 6.25% depending upon their supply of funds earmarked for mortgages, the quality of mortgage loans they are pursuing, as well as their perception of future economic and world news.
Source:
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Our
rates are updated every 30 minutes.
Select the market data below each
chart to generate an updated graph,
then click the chart to view the
graph in a full-size PDF file.
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© 2010 Peter W. Wong Associates, an
affiliate of
INTERVEST-Mortgage
Investment Company |
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