Please use Subprime Blogger to keep up with current mortgage rate trends.  There are also several articles available to assist you in getting a home loan modification.

Yesterday we saw a sideways move in the 10 year treasury rate; moving up slightly to 3.52%.  I still believe the the 50 day moving average will hold as support and we will see a bounce coming soon.  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 - 3.52%
The correlation shows that the 30 year fixed rate should be approximately 5.48%.  Actual rates…

30 Year Fixed Rate Mortgage - 5.36%

As predicted yesterday, mortgage rates had to adjust to the 10 year treasury rate and that is exactly what they did.  Keep an eye on the treasury rate to make stronger mortgage rate predictions.