Robert McLister·Mortgage Rate Trends·November 24, 2009Bond Yields Approaching Key Lows People shopping for a fixed-rate mortgage can do the happy dance. Government bond yields keep plunging, and that’s pulling down fixed mortgage rates. The 5-year yield (a barometer of 5-year fixed mortgage pricing) has broken through key 4-month support levels. The 2-year yield has given up almost all of it’s massive October run-up The 1-year yield is approaching it’s all-time low of 0.43%. We’ve already seen several lenders cut rates, and the best rates for 1- to 10-year terms will likely further in the short term. Variable rates remain unchanged. Like news like this?Join our CMT Updates list and get the latest news as it happens. Unsubscribe anytime. SUBSCRIBE! Thank you for subscribing. One more step: Please confirm your subscription via the email sent to you.