Bank of America Mortgage Rates - Where Are Interest Rates Going?

Bank of America mortgage rates have seen an incredible amount of volatility during the month of August. After a slow month of July, the average mortgage rates have extended the range of 5.1% to 5.3% to 5% to 5.5%. It seems that every time we hit one of these levels, the rate of home loan recover and move all the way to the other extreme of this trend. Will it continue? The answer seems to be a narcotic, as if every time the Bank rate U.S. mortgages rose 5.5% in the government of jumps and makes another speech about how in general rates are maintained at historical low. This pushes the total average rate of 5% until markets realized that it is too low. The 10-year rate of return on Treasury begins to trend upward due to the higher overall rate of progress again. The process has gone several times during the month of August. This is likely to change even as the Federal Reserve Bank announced it would stop buying U.S. Treasuries at the end of September. If this really happens, it could be the case that the actual market prices. Once seen, if the market is not fixed, we will see the 30-year fixed rate mortgage on his way to the displacement of 6%. This is not good for those who want to refinance or buy your first home, but it seems that reality.