Where are mortgage interest rates on a macro level?
The chart above shows the longer term pricing of the ^tnx taken from yahoo finance. As you can see, the long term trend in the 10 year bond has been down. As of this writing we are still near these record lows. However, the federal open market committee and Janet Yellen have expressed the intention of tapering these interest rates back up to the more economically natural range. This related to mortgage because generally speaking, the 10 year treasury will closely correlate with mortgage rates.
Now would then be a great time to take advantage of a low rate environment and many people are trading high interest credit card debt for the lower interest rate of a mortgage. Talk to a broker or banker today to find out what you qualify for. Get customized rate.