Saturday, March 10, 2012

Today’s 30 Year Fixed Mortgage Interest Rates 15 YR FRM; Freddie Mac Interest Rate Trends; U.S. economy and Home Sales Data Today

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dow2664 U.S. economy Trends and Current Mortgage Interest Rates: Job creation is getting stronger in the U.S. and this is good news for the economy. According to the recent jobs report, the U.S. economy added millions of jobs in the last year and a half and the unemployment rate is down to 8.3 percent. Existing home sales moved higher as this calendar year opened up and NAR chief economist, Lawrence Yun, recently stated that strong gains in home sale activity shows that American buyers are responding to the favorable market conditions. In addition to the favorable market conditions, interest rates remain favorably low at this current time. Potential buyers have the opportunity to review and benefit from rates that are lower than any seen in years. Current mortgage interest rates review today: Mortgage interest rates remain below the 4 percent mark on average for the standard 30 and 15 year fixed loans. Rates, along with costs, remain at relatively low levels and the improved economy in the U.S. has positioned many to take advantage of the lower rates. According to Freddie Mac, the current 30 year fixed rate mortgage is posting at 4.33 percent and the current 15 year fixed mortgage rate is posting at 5.45 percent. Average rates for home loans have dropped lower over the course of the last several years. Investors and buyers wonder if they have hit bottom. Stephen Johnson



Gold rebounds to end week at $1713

Gold rebounds to end week at $1713 Proactive Investors UK - 1 hour ago Gold
prices fell early in the week, but rebounded on Friday when China reported a
sharp decline in inflation. The figures showed that growth in consumer prices
slowed to the lowest level in 20 months in February, dropping to 3.2 percent
from 4.5 ...

Todays Gold price per ounce spot gold price per gram and spot silver price per ounce trends today

Gold price and Silver Price Market Trend Review Today: The initial half of the
last trading week was negative for precious metal gold and silver price trends.
The negative momentum from the week prior had carried through the weekend and
held gold and silver prices lower. Gold and silver prices began to rebound
during Wednesdays session this week and positive trends for the two precious
metals held throughout the remainder of the trading week. Stocks were on the
rise last session, the dollar strengthened and gold prices still moved higher.
It appears that both the dollar, as well as precious metal gold, are receiving
attention as safe haven interests. Gold contract price close and silver contract
price close review today: April contract gold price moved higher last session by
.75 percent and finished the day with a posted floor price at 1711.50 per troy
ounce. May contract silver finished the day higher by 1.13 percent and closed
with a posted floor price at 34.21 per troy ounce. Spot gold per gram and spot
silver per ounce price trends: After last session close, spot gold per gram
price was green at 55.07 and spot silver per ounce price was green at 34.24.
Camillo Zucari

Obama: New jobs report a sign economy on rebound - Spartanburg Herald Journal

Boston Globe Obama: New jobs report a sign economy on rebound Spartanburg
Herald Journal President Barack Obama looks at a aircraft component with
employee Robert Abernathy during his tour of the Rolls-Royce Crosspointe jet
engine disc manufacturing facility Friday in Prince George, Va. The Associated
Press PRINCE GEORGE, Va. Obama, With Wind At His Back, Sees Better Days Ahead
For US NASDAQ all 561 news articles

Gold & Silver Prices | Weekly Recap March 5-9

Gold and silver prices moved in a horseshoe pattern as they have declined during
the first couple of days of the last week only to bounce back during the last
few days. The fall of bullion on Monday and Tuesday may have been due to the
speculation around the Greek debt crisis, the publication of ECBs balance sheets
and the news of the contraction of the EU GDP by 0.3% during the fourth quarter
of 2011. But these losses turned into gains on Wednesday and continued to trade
up throughout the rest of the week. During those days it was reported:

Gold and Silver Ended the Week Rising –Recap March 9th

Gold and silver prices finished the week in the green along with other major
commodities prices such as crude oil prices. The U.S. employment report showed
an increase of 227k in February. This new may have been among the key factors in
dragging down the Euro and other currencies against the U.S. dollar. Even
natural gas future price rose on Friday. Here is a summary of the changes in
precious metals and energy commodities for March 9th, 2012: Precious Metals:
Gold price rose on Friday by 0.75% to $1,711.5; Silver price also increased by
1.13% and reached $34.21. During March, gold increased by 0.01% and silver fell
by 1.24%.

Todays Dow Jones Industrial Average DJIA Index Nasdaq S&P 500 Stock Market Investing News; Eurozone Bailout Package for Greece and Jobs Data Today

Stock Market Trends and Stock Composite News Today: The DJIA, as well as the
Nasdaq and the S&P 500, finished the last session of the week on the positive
side of break-even across the board. The jobs report helped to push the primary
U.S. indices into positive territory last session. According to the jobs data
which posted last session, the U.S. economy added approximately 227,000 jobs
during the month of February. The national unemployment rate held steady at 8.3
percent. The data was slightly better than anticipated and helped stock indices
move in a positive direction. In addition to the jobs data, investors felt more
confident as a result of the progressive action observed in the eurozone. Greece
took another step in the right direction as additional moves were made to secure
the debt resolution bailout funds. Billions in funds are needed so that Greece
may avoid default. Enough creditors agreed on a bond swap deal to allow the
rescue plan to position for approval. This positive wave of news spread overseas
and helped support U.S. indices throughout the closing session of the week.
DJIA, Nasdaq and S&P 500 index close Today: The Dow Jones Industrial Average
closed the last session of the week higher by .11 percent at 12,922.02. The
Nasdaq finished the session higher by .60 percent at 2,988.34. The S&P 500
finished the session higher by .36 percent at 1,370.87. The progressive action
in Greece was the big news to end the trading week, but investors will remain
cautious. The problem in the eurozone is not solved, only managed. Market trends
will remain vulnerable as the process plays out in the short term. Frank Matto

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