The bad news economy Premium Content

Commentary: No cheer in jobs, housing outlook

Inman News®

Long-term Treasury rates have remained stable, the 10-year Treasury note in a band between 3.6 percent and 3.75 percent for a whole month. However, mortgages are beginning to "vibrate," trying to find an appropriate level as the Fed stops buying: in just the last week rates have moved between 4.875 percent and 5.125 percent.

Treasurys are getting buying support from the slow-motion chaos in Europe. Germany has at last refused to help to Greece, saying it's an International Monetary Fund problem and not the European Union's, thereby putting the rest of the "Club Med" dominoes on notice.

more...

To view this premium content sign in to your Premium Membership Premium Member account.

Premium Membership Premium Members have full access to all news archives & premium content.

Purchase Premium+ Membership for $99/year OR
Premium Membership for $49/year

Buy Now

Share with REmessenger