So what is happening this week with rates.
| Fed Chairman Ben Bernanke delivers his semi-annual testimony on the economy and monetary policy to Congress this week. The testimony plus a full economic calendar will keep the markets hopping but will likely do little to change the outlook in the long run. The Fed is expected to hold rates steady for some time to come. |
| Key Interest Rates | Latest | 6 Mos Ago | 1 Yr Ago | | Prime Rate | 8.25% | 8.25% | 7.50% | | Fed Discount | 6.25% | 6.25% | 5.50% | | Fed Funds | 5.25% | 5.27% | 4.50% | | 11th District COF | 4.396% | 4.090% | 3.296% | | 10-Year Note | 4.78% | 4.94% | 4.56% | | 30-Year Treasury Bond | 4.87% | 5.04% | 4.53% | | 30-Yr Fixed (FHLMC) | 6.28% | 6.55% | 6.24% | | 15-Yr Fixed (FHLMC) | 6.02% | 6.20% | 5.83% | | 1-Yr Adj (FHLMC) | 5.49% | 5.69% | 5.34% | | 6-Mo Libor (FNMA) | 5.4014% | 5.5473% | 4.8216% | Sources: IBC' s Money Fund Report; Bank Rate Monitor; Federal Home Loan Bank of San Francisco |
|
Comments(0)