As reported by CNNMoney.com -- Treasurys turned lower Wednesday following a lackluster debt auction of 10-year notes for this morning 2/11/2010.What prices are doing: The benchmark 10-year note was down 13/32 to 97-13/32, and its yield rose to 3.70% from 3.65% earlier in the day. Prices and yields move in opposite directions. What analysts are saying is the week bidding was a "sign that foreign buyers are no longer aggressively stepping up to the plate" said Weiss Research analyst Mike Larson.
Mortgage rates in the San Antonio/Universal City/Schertz area are still around the 5.00% or below.
Steve Brown
Gold Financial Services
A Division of America Home Key
Office: 210-658-7474
Cell: 210-862-2885
Mortgage Lending in Texas. Specializing in military lending.
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