Mortgage Rate Trends Could Help You Save Money

Mortgage rate trends are something that is searched every single day on Google.  Recently, it has been a keyword phrase that has been searched even more because home owners and new home buyers see that overall rates have hit a short term bottom and have been heading higher over the last few weeks.  Most Americans do not want the long term downward trend to be broken, but with a for more weeks of an uptrend and that is likely to happen. 

The government also does not want that to happen as they want to keep low mortgage rates in an economy like this.  The housing market has seen some unbelievable declines and if we continue to see rates increase, it is likely that those declines are going to get even worse.  President Obama and Ben Bernanke know this and that is why they have been doing everything in their power to push over rates below 5%.  Unfortunately, the 10 year treasury rate has continued to work itself higher which has caused and increase in interest rates.

If you have been following mortgage rate trends over the last few years, you likely know how much money can be saved by doing a little bit of extra research.  We all have friends and family who locked in at rates well below 5% and they are reaping the benefits right now.  Having lower mortgage payments can make everything in your financial life much easier so why not take the time and do a little bit of extra research so you too can save every month.