Incline Village Mortgage Rates, Incline Village Home Loan Rates, Incline Village Mortgage Loan Rates, Incline Village Home Loans, and Incline Village Mortgage Loans:
Mortgage Interest Rates moved lower today. The following factors affected today’s bond market and mortgage rates:
The $33B 2-Year Note auction draws a “C+” rating.
The yield on the 10-yr T Note falls to 2.65% after hitting 3% on September 5.
Stocks turn positive after the President speaks diplomacy at the UN on the Mideast issues and as a rumor that there was a weak auction in Italy turned out to be just a rumor.
The Richmond Fed Manufacturing Composite falls to zero in September from the +14 reading in August.
President Obama says US prepared to use all elements of power, including military force, to secure US interests in the Mideast.
The Case Shiller 20-city Home Price Index in July rises by 12.4% from July 2012 and above the 12% expected.
Fed’s Dudley says he won’t rule out tapering this year, but it depends on the data, not by time.
Fed’s Dudley says debt ceiling issue is creating a cloud over the economy and could have a negative effect on the economy.
Oil at $103.25/barrel down 33 cents.