Mortgage Rate Trends - Will Rates Go Higher In July?

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	Mortgage Rate Trends - Will Rates Go Higher In July?

jwojdylo

7-3-2009 5:47 PM

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/5ce72c7e-3d8d-4664-b119-6a1a30c23431/C45304BE-2107-4178-A07D-A96A9111028E/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.subprimeblogger.com/mortgage-rate-trends-will-rates-go-higher-in-july/" href="http://www.subprimeblogger.com/mortgage-rate-trends-will-rates-go-higher-in-july/" style="font-size: 11px;">www.subprimeblogger.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.subprimeblogger.com/mortgage-rate-trends-will-rates-go-higher-in-july/"><H2 class="post-title">Mortgage Rate Trends - Will Rates Go Higher In July?</H2></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.subprimeblogger.com/mortgage-rate-trends-will-rates-go-higher-in-july/"><P>Mortgage rate trends are setting up for a very interesting July.  The <A href="http://www.subprimeblogger.com/daily-mortgage-rates-and-10-year-treasury-rate-june-27th/">10 year treasury rate</A> is at the bottom of its upward trend channel and hitting support at the 50 day moving average.  We all know that as the 10 year goes, so go mortgage rates.  If we see a breakdown of the 10 year, it is likely it could head all the way to 3%.  If this happens, look for daily mortgage rates to retrace to those historical lows that we saw in March.  If the 10 year finds strong support at the 3.4% 50 day moving average, it is likely it will push higher to 4% again.  If this is the case, we could see mortgage rates exceed 6% before the end of the summer and possibly by the end of July.</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/C45304BE-2107-4178-A07D-A96A9111028E/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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