Mortgage Rates In San Antonio Up Slightly

 

Treasurys Fall On Rebounding Stocks

 

December 18, 2009: 9:14am CST

As Reported by Reuters -- U.S. government bond prices slipped Friday after Thursday's scramble for low-risk investments, spurred by falling stocks and concerns over Greece's fiscal problems, tapered off.

In the absence of major U.S. economic data, traders will likely take their cue from technical factors, the stock market and non-economic developments, traders said.

Following Thursday's dramatic rally, Treasury yields are decidedly below their four-month highs set earlier this week.

Benchmark 10-year notes were down 6/32 in price at 98-30/32. Their yield which moves inversely to their price was 3.50%, up 2 basis points from late Thursday. Currently the 10 year note is 3.62%.

Not good if you were waiting to lock your mortgage rate.

 

Steve Brown

Senior Loan Officer

Gold Financial Services

Office: 210-658-7474

Cell: 210-862-2885