Why is it that the 10-year bond is so low and the mortgage interest rates are not following suit as they have in the past? I'm looking forward to ideas about this phenomenon. In the past the 10-year bond and the 30-year fixed mortgage rate were tied together. If the rate went down so did the 30-year mortgage. Now the rate drops and nothing happens to the mortgage rates, but if the rate goes up, look out, up goes the mortgage rate immediately - even in midday. Please advise what you think is going on. It doesn't matter if we are talking about Oregon Home Loans, California Home Loan Mortgage Rates or a loan in Missouri or Tennesee, the bond goes down and the mortgage rates stay the same.