I am going to starting posting the daily mortgage rates each morning; please return to Subprime Blogger when you are looking for your daily mortgage rates.? Along with that, I will post the 10 year treasury rate and show the correlation.? The equation used for the correlation between mortgage rates and the 10 year treasury rate is y = 2.7283(x)^2 + .5881(x) +.0308.

10 Year Treasury Rate – 3.506%
The correlation shows that the 30 year fixed rate should be 5.477%, actual rates….

30 Year Fixed Rate Mortgage – 5.35%