Mortgage Refiance Rates Slightly Higher: 30 year Refinance Mortgage Refinance Rates at 4.86%, 15 Year Mortgage Refinance Rates at 4.22%

Mortgage refinance rates were slightly higher this morning following bond yields higher. The global markets started recovering from the worries of the government debt crisis in Europe. Bond yields and mortgage refinance rates rose yesterday but after the U.S. markets closed on Monday Moody's downgraded Greece's government debt to junk. The downgrade will probably drive investors back into U.S. bonds and drive refinance mortgage rates lower this coming week.