Mortgage rate are back at near record levels again. A very surprising move as most experts thought rates along with the 10 year treasury yield would be higher. We are seeing 30 year fixed mortgage rates push the mid 4’s and the 15 year fixed mortgage rates pushing 4 percent.

Adjustable rate (ARM) mortgages have broke 4 percent and are readily available in the 3’s. There is an article out today in MarketWatch that talks of the reversal and downward trend of treasury yields that are a barometer to mortgage rates.