Rates are Down, Inflation Down in Armonk NY | Armonk NY Homes

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  • The ten year treasury rate has declined by 28 bps to 3.19% since the end of March. Over the same time frame, mortgage rates have declined by 24 bps to 4.72%.
  • The average annual inflation expectation in the U.S. over the next ten years has declined by 13 bps from mid-April to 2.48%.
  • The decline in long term interest rates is primarily attributable to stronger growth prospects. Although, rates have declined of late, stronger inflation should put upward pressure on long term interest rates to increase.
  • NAR is forecasting interest rates to increase to 5.6% by the end of 2011.

 

 

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