4 February 2011

The bond yields are going up – be ready for fixed rates increase.
The recent report, published on February 2, showed the five-year bond yields are going up – this time they reached the highest in 8 months level. Yields level is directly correlated with fixed mortgage rates.
Moreover, they continue to rise just before the new employment reports.
The deal is that if the report’s numbers provoke another yields’ increase, it’s quite possible that deeply-discounted fixed mortgage rates will rise as well.

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