Chase mortgage rates could prove to be very interesting over the remainder of the summer; are they going up or down?
Chase mortgage rates have been stable over the last few weeks, but that may change greatly in the month of July. It seems that any time the overall market feels they have a grip on where interest rates are headed, we get thrown a curve ball. The fact that rates have moved sideways over the last few weeks makes me believe that we are going to see a drastic change in the month of July.
The mortgage rates forecast for July is one that could be very tough. The 10 year treasury rate looks to be finding support and if this is the case, mortgage rates are likely to go higher.
The mortgage rate forecast for July could get very cloudy for the second part of the month. It is likely that we will continue to see mortgage rates work sideways until the 10 year treasury rate hits support around 3.4%. One support is tested, we will then know where overall interest rates are going to go. If we see a breakdown of support and the 10 year starts heading towards 3% then it is likely that mortgage rates will test the all time lows that we saw back in March.