Experts say that rates on 30-year fixed rate mortgages have gotten as low as they will go and have begun rising. In fact, the spread between the 10-year treasury rate and the 30-year mortgage, which is typically 1.7% if you don’t pay any points, has increased to about 2%. But 15 year mortgage rates continue to drop–Today, 15-year mortgage rates are running about 1.3% above treasuries, close to .7 percent lower than 30-year fixed rates! Why is this happening? Continue reading ‘Why 15 Year Mortgage Rates Are so Much Lower’
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