10 Year Mortgage Rates Drop in 2009

10 year mortgage rates are in the news right now.  After hearing that the Federal Reserve is spending 1 trillion to lower the interest rates some people are thinking about a short term loan with a low rate.

A metro newspaper even mentioned that today the rate is at 2.5 for a 10 year and that is where it could stay.  Most new home buyers are interested in a 30 year fixed so they can pay a small amount over time while working or owning their own business.  10 year rates may not apply to everyone but if you can afford to make the payments the current interest rate may be the perfect solution for you.

10 Year Mortgage Rates Decrease

Have you been watching the rate decrease?  Well you can watch it here.  The mortgage rate trend has been going down since November of 2008.  It has been at a low point for about 3 months and the 10 year fixed rate is slightly lower than the 15 year mortgage or even the 30 year rate.  This drop in 2009 is shown on any financial site including yahoo.com and I suggest that you look into shelter options all around the world before taking out the next major loan.