"With bond yields rising over .2% from 1.19% 4 weeks ago to 1.36% today, many lenders have warned of rate increases," says Kyle Green of Mortgage Alliance (778-373-5441, kgreen@mortgagealliance.com).
"Last week we saw a few of the lenders under 2.89% for 5 yr terms raise their rates to fall in line with most of the other major banks, but surprisingly most lenders are still offering 2.89% - it's just that anything below 2.89% applies to a much smaller group of borrowers. If bonds continue to climb it is likely we will see lenders raise their rates slightly from the 2.89% benchmark soon."
Mortgage |
Posted |
||
| 1 yr | 2.49% |
3.50% |
|
| 2 yr | 2.54% |
3.55% |
|
| 3 yr | 2.60% |
3.99% |
|
| 4 yr | 2.74% |
4.29% |
|
| 5 yr | 2.79% |
5.14% |
|
| 7 yr | 3.54% |
6.35% |
|
| 10 yr | 3.69% |
6.75% |
May 23, 2012
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