30 Year Treasury News
30-year fixed-rate mortgage ticks down to 4.60%
WASHINGTON (MarketWatch) — The average rate on the 30-year fixed-rate mortgage ticked down to 4.60% in the week ending May 26 – the lowest rate since December — down from 4.61% in the prior week, according to a survey released Thursday by Freddie Mac, a buyer of residential mortgages. Last year, the rate was at 4.84%. To obtain the latest rate, payment of an average 0.7 point was required. A …
Published May 26, 2011.
Read more: Market Watch
Bond prices edges up on worries over Greece’s debt
Treasury prices rose Friday as Greece’s deepening debt crisis led investors to seek out safer assets.
Published May 20, 2011.
Read more: AP via Yahoo! News
US hits debt limit; Treasury juggles books while Congress fights over whether to raise ceiling
WASHINGTON — The government has maxed out its credit card. The United States reached its $14.3 trillion limit on federal borrowing Monday, leaving Congress 11 weeks to raise the threshold or risk a financial panic or another recession. Treasury Secretary Timothy Geithner formally notified Congress that the government would halt its investments in two federal pension plans so it won’t exceed the …
Published May 16, 2011.
Read more: Washington Post