Friday, April 26, 2013

DailyMarkets.com - US Mortgage Rates Decrease To New Record Lows

DailyMarkets.com - US Mortgage Rates Decrease To New Record Lows


US Mortgage Rates Decrease To New Record Lows

Posted: 26 Apr 2013 06:48 AM PDT

This week mortgage applications increased 0.2% compared to the previous week. This slight increase is more than expected as this week all mortgage rates have gone down, reaching two new record-lows for 15-year and 5-year mortgages.

30-year mortgage rates decreased to 3.4% this week compared to 3.41% last week. This is one of the lowest rates we have seen this year for 30-year mortgages, only 0.1% above the lowest rate of 3.31%, which we saw during the third week of November 2012. … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Crude Oil, Gold May Not Find Support In US GDP Data

Posted: 26 Apr 2013 03:46 AM PDT

Crude oil and gold are under pressure as risk appetite unravels into the end of the trading week. A pickup in US GDP growth may do little to offset negativity.
Talking Points

Crude oil, Copper Under Pressure as Risk Appetite Unravels Anew
Gold and Silver Losses Limited by BOJ-Driven US Dollar Weakness
US 1Q GDP Data May Not Help Sentiment Despite Growth Pickup

Commodity prices are under pressure in European trade as risk appetite flounders across the financial markets. Cycle-sensitive crude … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

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