Please get your mortgage rates forecast at Subprime Blogger.? Return every Monday, Wednesday and Friday as that is when the forecast is updated.

The mortgage rates forecast remains quite unpredictable as the 10 year yield continues to push higher while mortgage interest rates are stable around 5.25%.? Eventually mortgage rates are going to push higher or the 10 year yield is going to fall but the question remains which will happen first?? Well, if the trend that started back at the beginning of 2009 is any indication, it looks as if mortgage rates will start moving higher and the 10 year yield will continue its uptrend past 4%.

I know this is not what most borrowers want to hear but it is the reality of the situation.? For almost 40 years the 10 year yield and mortgage rates have moved in tandem so do not expect anything to change in 2009.? With that being said, if you have been waiting to refinance or get your first mortgage, now is as good of a time as any as mortgage rates remain below 5.25%.? Historically speaking, this is extremely low and most home owners would die for an interest rate this low.

I would suggest contacting several lenders and seeing which one is the best fit for you.? You would be surprised at how much information you can get over the phone and on the Internet.? Make sure to educate yourself before making this big financial decision.? You do not want to have legal trouble later on in the mortgage because you did not pick a reputable lender.