Danny Salas

Chico, CA Interest Rates Market Report – Economic Influences – November 13, 2009

Happy Friday the 13th!

Bonds are actually trading at a signicant level.  They’re currently at the high’s of October and May.  So, another opportune time to take advantage of the market!

Consumer Sentiment

Consumer Sentiment was reported at 66, lower than the 71 mark that economists were looking for.  I’ve been writing about how the media has been hyping up the employment numbers as good signs of a recovery, however, it looks as though most consumers are taking a similar opinion as mine.

$1 Trillion Auctioned So Far

About $14 Billion in Treasuries were auctioned off this week.  Compared to past months of about $25 Billion is auctions, you can see that the number is dwindling.  As this number declines, rates will eventually move up!

Next Week…

That’s about it on the interest rate front this morning.  Next week is loaded with economic data, so pay close attention!  Have an excellent weekend!

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This entry was posted on Friday, November 13th, 2009 at 10:43 am and is filed under Chico Home Loans, Home Buying, Interest Rates, Loan Qualification. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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