Financing Homes in Lake Tahoe and Truckee since 1992.

Incline Village Home Loans and Incline Village Mortgage Rates – October 7, 2013

Incline Village Home Loans, Incline Village Mortgage Loans, Incline Village Mortgage Loan Rates, Incline Village Home Loan Rates, and Incline Village Mortgage Rates:

  • U.S. housing regulator, FHFA, says it filed paperwork to build a new firm that could replace Fannie Mae, Freddie Mac.
  • Goldman Sachs downgrades shares of Toll Brothers, sector moves lower today.
  • The national average for a gallon of unleaded gasoline is at $3.34.
  • Rating agency Moody’s says that neither the gov’t shutdown nor the impending debt ceiling deadline will affect U.S. creditworthiness.
  • At its low for the day, the Dow was down 152 points.
  • White House official says President Obama to urge Congress to raise the debt limit, avoid default that would have “catastrophic impacts” on the U.S. economy.
  • The 4% coupon backs down from the 200-Day Moving Average and is now at a session low. Be on guard.
  • Fannie Mae’s September 2013 National Housing Survey showed that Americans tempered their optimism toward the housing market last month due to the possibility of a government shutdown and the debt ceiling deadline on October 17. Link: http://www.fanniemae.com/portal/about-us/media/corporate-news/2013/6023.html
  • White House says President Obama has made it clear he is willing to negotiate with Congress, but not under threat of default.
  • Oil at $102.90/barrel down 95 cents.
  • Treasury Secretary Lew on the debt ceiling issues says, “On the 17th, we run out of our ability to borrow, and Congress is playing with fire.”
  • Day 7 of the government shutdown. Most of the Pentagon’s 350K civilian employees have returned to work.
Category: Interest Rate