The Veridian Blog

Hi Everyone, 

The Santa Claus rally has yet to show its face and investors are pressing their bets on Treasuries again.  It all started Tuesday after the Fed failed to offer any new sign of direction then snowballed as the November Retail Sales increased much less than expected.  Add to that the modest November CPI report suggesting that inflation is well contained and by the end of the week, the yield on the benchmark 10-year Note dropped to a two-month low just below 1.85%.  It's sinking even further this morning after the reported death of dictator Kim Jong II over the weekend raising fears of political instability in a now leader-less nuclear power.

Mortgage rates, particularly the 30-year conforming, have reached sub-4.0% all-time loans.  3.875% for a no-cost 30-year loan is a stunning opportunity for many homeowners who are fortunate to have equity and a job during this holiday season.  Call you mortgage broker today!