So, why the bad news all of a sudden?

Many American homeowners may be wondering what they have done that’s so wrong they’ve now experienced six consecutive weekly rises in Atlanta mortgage rates?  Indeed, not only have Atlanta mortgage rates been steadily increasing, but according to Bankrate.com’s national survey of large lenders, the 15-year fixed rate mortgage rate has seen a 0.33 per cent rise in as short as six weeks.

Before we all rush off in panic mode however, let’s pause for a second.  Anyone who takes a close look at where Atlanta mortgage rates are today and has a quick glance at the 10-year Treasury will notice a startling comparative. Both are now showing 10-month highs.  That’s right, over the past two weeks the 10-year Treasury has risen 4.93 per cent to end this week at just fractionally lower than five per cent.  The rise in the 10-year Treasury has largely been credited to a new inflation warning issued by the Fed Chairman, Ben Bernanke. As such, rather been overly concerned with where Atlanta mortgage rates are, American homeowners should be glad to see that the fundamentals of movements in Atlanta mortgage rates remain strong – there is a direct correlation between bond yields and Atlanta mortgage rates.  All we need now is for the markets to receive some welcome economic data that will take the shine off bond yields and put the gloss back on stock investments and we’ll all see a happy return to falling Atlanta mortgage rates.