If you have buyers in escrow, you should get on the phone with them this morning and find out if their interest rate is locked yet (and I don't care if you are their lender or their real estate agent - it is that important) Due to the various European crises (Greek bailout and England elections), the dollar has suddenly regained a pre-eminent status and the one safe-place. 10-year T-Bills are in extra high demand.
In the last month, we have dropped from a yield on the 10-yr from 4.01% all the way down to 3.41% and with this, 30-year fixed interest rates have also dropped.
| Date | 1 mo | 3 mo | 6 mo | 1 yr | 2 yr | 3 yr | 5 yr | 7 yr | 10 yr | 20 yr | 30 yr |
| 04/05/10 | 0.16 | 0.18 | 0.27 | 0.48 | 1.18 | 1.77 | 2.75 | 3.46 | 4.01 | 4.69 | 4.85 |
| 04/06/10 | 0.17 | 0.17 | 0.26 | 0.49 | 1.14 | 1.74 | 2.71 | 3.42 | 3.98 | 4.68 | 4.84 |
| 04/07/10 | 0.16 | 0.17 | 0.25 | 0.47 | 1.06 | 1.66 | 2.62 | 3.33 | 3.89 | 4.58 | 4.74 |
| 04/08/10 | 0.16 | 0.17 | 0.24 | 0.46 | 1.09 | 1.68 | 2.64 | 3.36 | 3.91 | 4.60 | 4.75 |
| 04/09/10 | 0.16 | 0.16 | 0.25 | 0.46 | 1.08 | 1.68 | 2.65 | 3.34 | 3.90 | 4.58 | 4.74 |
| 04/12/10 | 0.15 | 0.16 | 0.24 | 0.46 | 1.07 | 1.65 | 2.60 | 3.29 | 3.87 | 4.54 | 4.70 |
| 04/13/10 | 0.15 | 0.16 | 0.24 | 0.45 | 1.07 | 1.65 | 2.58 | 3.27 | 3.84 | 4.52 | 4.68 |
| 04/14/10 | 0.15 | 0.16 | 0.24 | 0.45 | 1.07 | 1.65 | 2.61 | 3.31 | 3.88 | 4.57 | 4.72 |
| 04/15/10 | 0.16 | 0.16 | 0.23 | 0.43 | 1.04 | 1.62 | 2.57 | 3.28 | 3.86 | 4.56 | 4.72 |
| 04/16/10 | 0.15 | 0.16 | 0.24 | 0.41 | 0.98 | 1.56 | 2.49 | 3.20 | 3.79 | 4.50 | 4.67 |
| 04/19/10 | 0.15 | 0.16 | 0.23 | 0.43 | 1.01 | 1.59 | 2.54 | 3.25 | 3.83 | 4.54 | 4.70 |
| 04/20/10 | 0.14 | 0.16 | 0.24 | 0.42 | 1.05 | 1.62 | 2.56 | 3.25 | 3.82 | 4.51 | 4.67 |
| 04/21/10 | 0.14 | 0.15 | 0.23 | 0.44 | 1.03 | 1.60 | 2.52 | 3.20 | 3.77 | 4.45 | 4.61 |
| 04/22/10 | 0.15 | 0.16 | 0.24 | 0.45 | 1.07 | 1.64 | 2.57 | 3.26 | 3.80 | 4.48 | 4.65 |
| 04/23/10 | 0.14 | 0.16 | 0.26 | 0.46 | 1.10 | 1.68 | 2.61 | 3.30 | 3.84 | 4.51 | 4.67 |
| 04/26/10 | 0.14 | 0.16 | 0.25 | 0.47 | 1.09 | 1.67 | 2.60 | 3.28 | 3.83 | 4.50 | 4.67 |
| 04/27/10 | 0.14 | 0.16 | 0.24 | 0.42 | 1.03 | 1.55 | 2.46 | 3.14 | 3.71 | 4.40 | 4.56 |
| 04/28/10 | 0.14 | 0.16 | 0.24 | 0.43 | 1.03 | 1.61 | 2.53 | 3.23 | 3.80 | 4.47 | 4.63 |
| 04/29/10 | 0.15 | 0.17 | 0.23 | 0.42 | 1.01 | 1.58 | 2.49 | 3.19 | 3.76 | 4.42 | 4.60 |
| 04/30/10 | 0.14 | 0.16 | 0.25 | 0.41 | 0.97 | 1.51 | 2.43 | 3.12 | 3.69 | 4.36 | 4.53 |
| 05/03/10 | 0.14 | 0.17 | 0.25 | 0.43 | 1.00 | 1.56 | 2.47 | 3.16 | 3.72 | 4.37 | 4.53 |
| 05/04/10 | 0.15 | 0.16 | 0.24 | 0.43 | 0.96 | 1.49 | 2.38 | 3.07 | 3.63 | 4.27 | 4.43 |
| 05/05/10 | 0.14 | 0.15 | 0.22 | 0.39 | 0.88 | 1.43 | 2.31 | 3.00 | 3.58 | 4.23 | 4.39 |
| 05/06/10 | 0.06 | 0.11 | 0.16 | 0.34 | 0.75 | 1.27 | 2.13 | 2.83 | 3.41 | 4.03 | 4.19 |
Date source: http://www.ustreas.gov/offices/domestic-finance/debt-management/interest-rate/yield.shtml
Could interest rates drop further? Yes.
But I don't believe in looking a gift horse in the mouth.
Your clients will thank you!
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