Rates are down a bit today! :-)

Treasuries rose after a government report showed the Federal Reserve's most closely watched measure of inflation slowed in May and consumer spending increased less than economists forecast.

U.S. government securities erased losses that came yesterday after the Federal Reserve said in its statement that inflation remains its predominant concern. Bonds also got a boost from investors who typically buy Treasuries at the end of the month to match changes in benchmark indexes.

The Federal Reserve kept its benchmark lending rate at 5.25 percent yesterday for an eighth consecutive meeting, saying inflation is still the greatest risk facing the economy.

Your seconds and HELOC's are safe.....for now.

:-)

Posted by Kris Krajecki Mortgage Broker Huntley, IL on 06/29/2007 10:08 AM

Comments (0)

rates, fed, economy

0 Comments on Rates are down a bit today! :-)

Leave a response…

Name:

Notify me of new comments:

Comment:

What does the graphic say?

Mortgage Company: Kris Krajecki - American Mortgage Werks - Huntley, IL

Kris Krajecki Mortgage Broker Huntley, IL
Huntley, IL
More about me…
Kris Krajecki - American Mortgage Werks - Huntley, IL

Office Phone: (847) 426-3431
Cell Phone: (630) 347-6321
Email Me

Links

Archives

Find IL real estate agents and Huntley real estate here on ActiveRain.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
© 2007 ActiveRain Corp. All Rights Reserved