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Rate Information 12/5/2011

Today’s Rates

The 10 year treasury seemed poised to break the stingy resistance of 2.1% today until S&P stepped in with their credit watches on Europe.  These credit watches brought stocks and rates back down under key break out levels.  The fact that S&P downgraded European countries on a day when European bond rates actually traded down very significantly shows their record has been and continues to be very poor.  Yet the market still did move down on S&P downgrading Europe so those who want rates to stay low can rest easy knowing they are still in this historically low range.

 

The steep fall off is the S&P announcement.