By Kitty J. Lin, Attorney at Law<\/p>\n
Consumers that have purchased or refinanced their homes at the historically low mortgage rates will be glad to know that they were able to take advantage of those mortgage rates before they disappeared.\u00a0 That is what is currently happening.\u00a0 Mortgage rates are now slowly increasing again.\u00a0 As of week ending February 11, 2011, the national average 30 year fixed mortgages are now 5.05%.\u00a0 Interest rates have not been this low since May 2010.<\/p>\n
Mortgage rates are tied to Treasury yields, particularly the 10 year Treasury yield.\u00a0 The Treasury yield has been slowly increasing, so it\u2019s no surprise that the mortgage rates are increasing as well.\u00a0 Higher mortgage rates tend to affect people trying to refinance rather than people trying to buy a home because people looking to purchase a home are more concerned with other factors, such as the price of the home itself.\u00a0 Currently, home prices are still low enough that buyers will overlook the slightly higher interest rate.<\/p>\n
If you have any questions about bankruptcy consult with our Oakland bankruptcy lawyer<\/a> or schedule a free consultation with our San Jose bankruptcy lawyer<\/a>.\u00a0 Call toll free 1-877-9NEWLIFE to schedule a free consultation to start your new life debt free.,<\/p>\n","protected":false},"excerpt":{"rendered":" By Kitty J. Lin, Attorney at Law Consumers that have purchased or refinanced their homes at the historically low mortgage rates will be glad to know that they were able to take advantage of those mortgage rates before they disappeared.\u00a0 That is what is currently happening.\u00a0 Mortgage rates are now slowly increasing again.\u00a0 As of […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[14],"tags":[],"_links":{"self":[{"href":"https:\/\/www.westcoastbk.com\/blog\/wp-json\/wp\/v2\/posts\/146"}],"collection":[{"href":"https:\/\/www.westcoastbk.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.westcoastbk.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.westcoastbk.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.westcoastbk.com\/blog\/wp-json\/wp\/v2\/comments?post=146"}],"version-history":[{"count":5,"href":"https:\/\/www.westcoastbk.com\/blog\/wp-json\/wp\/v2\/posts\/146\/revisions"}],"predecessor-version":[{"id":501,"href":"https:\/\/www.westcoastbk.com\/blog\/wp-json\/wp\/v2\/posts\/146\/revisions\/501"}],"wp:attachment":[{"href":"https:\/\/www.westcoastbk.com\/blog\/wp-json\/wp\/v2\/media?parent=146"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.westcoastbk.com\/blog\/wp-json\/wp\/v2\/categories?post=146"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.westcoastbk.com\/blog\/wp-json\/wp\/v2\/tags?post=146"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}