Christine Adler, P.A. | Realtor ®
 

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Reverse Rally

Prices of U.S. Treasury securities fell about 3/8 of a point for the week, reversing part of the big rally that we've seen in the first few weeks of this year. Over the past several weeks, part of the rally in bond prices has come from direct foreign government intervention in the currency markets to support the dollar. These purchased dollars have been invested in U.S. Treasury securities and help push up bond prices. Last week, this dynamic was partially reversed when rumors circulated that the European Central Bank is contemplating a cut in European interest rates to bring down the value of the euro versus the dollar.


   
Loan Type
Rate Points
    30-Year FRM 5.5% 1
  15-Year FRM 4.75% 1
  1-Year ARM 3.375% 1
 
 
RE/MAX Hometown   Office: 954-785-2900   Christine: 954-655-5700   Fax: 954-332-2524