I'm David Beadle. Good Monday Morning! 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. Now that the immediate crisis over the current fiscal year budget appears to be over, Congress will turn its attention this week to the upcoming budget for the year which begins on October 1st. But the bond market will be focused upon whether or not the National Debt ceiling is raised in timely fashion before the May deadline. 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.
04/11/2011
