Lou Barnes real estate report brings up-to-date information on today’s real estate
market. Each report features real estate trends which provide useful insight for the consumer and real estate
professional regarding all aspects of real estate from one of the nation’s top financial market experts.
The bad news economy Long-term Treasury rates have remained stable, the 10-year Treasury note in a band between 3.6 percent and 3.75 percent for a whole month. However, mortgages are beginning to "vibrate," trying to find an appropriate level as the Fed….
Credit starvation fallout Long-term Treasury rates rose under pressure from constant borrowing, but mortgages did well, holding at 5 percent with lowest fees. Versus the 10-year Treasury note at 3.7 percent, that's the narrowest spread ever measured.
The hunt for wizards and vampires Long-term interest rates rose this week, 10-year Treasurys to 3.69 percent and mortgages toward 5.125 percent. The drivers: economic data not as weak as could have been, $74 billion in fresh Treasury borrowing next week, and the ever-closer….
Bye-bye equity The bond market rallied this week and long-term rates fell, unfortunately in response to lousy economic news. Lowest-fee mortgages fell to 5 percent, and the 10-year Treasury note has approached its next key level: 3.6 percent.
Fed acts for appearance's sake Ten-year Treasury rates have risen to 3.81 percent, roughly the same altitude as the tops last June, August and December; mortgage rates are still below 5.25 percent.
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