Interest Rate News for January 12, 2010
Rates are currently at 4.875 at 1 point for amounts up to $417,000. Rates on 15 year are at 4.375% at .5% points.
For loans between $417,000 and $567,500 they’re at 5.25% at .5.
Above $567,500 to $600k they are at 5.75%
Tomorrow will be the biggest day of the week on the economic side. There will be a large bond auction, if the market has many buyers of bonds the rates will improve. Corporate profit will have a large influence if traders think that corporate income is going to do well then they won’t buy bonds. If they feel the corporate market isn’t going to do well then they will buy bonds. I think the latter. I could be wrong, just my opinion.
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