Rate Update July 27, 2009
Mortgage rates are unchanged from Friday.
This week’s schedule for US Treasury fixed-income securities auction:
The US Treasury is scheduled to sell a high volume of T-bills, notes, and bonds this week. On Monday, $6 billion in Treasury-inflation-protected 19.5-year notes will be auctioned; along with $32 billion in 13-week bills and $31 billion in 26-week bills. On Tuesday, $27 billion in 52-week bills will be auctioned, along with a heart-stopping $42 billion in two-year notes. On Wednesday, the Treasury will auction $39 billion in five-year notes. And on Thursday, $28 billion in seven-year notes will be auctioned. In total $205 billion in securities will be sold.
Here is a link to read the blog post on the new mortgage rules which could delay real estate closings.
Current Outlook: bias towards locking on short-term transactions with additional supply of treasury bills.
Posted: July 27th, 2009 under Rate Update.
Tags: direction of mortgage rates, direction of mortgage rates july 27, july 27 mortgage rate outlook, july 27 mortgage rates, lock my rate, lock or float, mortgage rate update, mortgage rates, should I lock or float my interest rate?
Comments
Pingback from My Mind on Mortgages » Rate Update July 29, 2009
Time July 29, 2009 at 7:17 am
[...] Rate Update July 27, 2009 [...]
Pingback from My Mind on Mortgages » Rate Update July 28, 2009
Time July 28, 2009 at 7:06 am
[...] Rate Update July 27, 2009 [...]