What is happening to interest rates this week?

Per my daily commentary source:

There are no two ways about it – this week's $65 billion, three-part Treasury auction posses a significant threat to the prospects for steady to fractionally lower mortgage interest rates.


Investors continue to be spooked by the inflationary implications of a lower dollar on international currency exchanges, higher oil prices and the massive amount of supply still to come from Uncle Sam before his fiscal year ends on the last day of September.


Without something like a meltdown in the equity markets to get the proverbial ball rolling for a "flight-to-quality" buying spree in the Treasury and mortgage-backed securities markets – the outlook for a move to noticeably lower mortgage rates remains pretty bleak.

Call for more information:

Elagene Trostle
Sr. Mortgage Consultant
843-338-9017 Cell
ET@TrostleTeam.com
www.FairwayIndpendentMC.com/ElageneT