Following on to yesterday’s article about changes in bond yields, mortgage interest rates, and the likely future of Fed decisions, it’s worth taking a look at this article by Consumer Affairs. It does two things well. First, it summarizes recent trends in mortgage interest rates for a variety of different types of loans; second, it provides slightly less technical insight into the direction that these changes are likely to take things. Of course, we don’t believe Consumer Affairs is better at predicting the future than anyone else, but it’s still worth exploring.
