I'm David Beadle. Here's what's happening from RateAlertNow.com. Mortgage rates were flat again on Friday despite another new high in crude oil prices to levels not seen since September 2008. Gold hit an all-time record high as further evidence of inflationary pressures related to the falling value of the U.S. dollar. The national-average 30-year fixed-rate mortgage is at four and three-quarter percent with two and three-eighth points, unchanged from Thursday. By Monday, we will know if the federal government shutdown has occurred. This will provide input for Treasury and mortgage traders trying to determine the next direction of rates, which also could be influenced by how foreign investors perceive the political gridlock. That's what's happening. I’m David Beadle. If you want to "avoid" being caught "by surprise" the next time mortgage rates rise, find out about my *Real-Time* text and email "bulletins," by visiting RateAlertNow.com.
04/08/2011
