Texas Veterans Land Board Interest Rate Down
The TxVet rate for the week of 11-23-09 went to 4.99% from 5.04%. With at least 30% service related disability the rate would be 4.49%.
Call Steve Brown, Mortgage Loan Officer specializing in loans for Veterans.
Steve Brown
Senior Mortgage Loan Office
Office: 210-658-7474
Cell: 210-862-2885
San Antonio Mortgage Rates Flat For The Week
San Antonio mortgages interest rates ended the week slightly lower than the previous weekend close. Again, a flat bond market rate is good for San Antonio mortgage interest rates.
NEW YORK (Reuters) -- Short-dated U.S. Treasurys rallied on Friday, sending two-year yields to 11-month lows, as investors sought the safety of government bonds on fears that this year's stock market recovery had finally come to end.
A day after the S&P's worst one-day percentage fall in three weeks, stock futures pointed to another dismal day on Wall Street, reigniting a bond market rally that had appeared to be on its last legs earlier this week.
This blog was posted by Steve Brown of Gold Financial Services, universal City, TX. Gold Financial Services is a full service mortgage banking firm with a wide variety of conventional and government loan products, including Texas Veterans Land Board assistance program. www.mortgagesbysteve.com (210)862-2885 sbrown0007@aol.com
Number of initial filers for unemployment insurance was unchanged last week at 505,000.
As reported by CNNMoney.com -- The number of first-time filers for unemployment insurance was unchanged last week, holding at the lowest level since January, said a government report released Thursday.
There were 505,000 initial jobless claims filed in the week ended Nov. 14, the same as the revised figure the previous week, the Labor Department said in a weekly report.
A consensus estimate of economists surveyed by Briefing.com expected 504,000 new claims.
The 4-week moving average of initial claims was 514,000, down 6,500 from the previous week's revised average of 520,500.
"After two hefty declines, claims were due a pause this week," said Ian Shepherdson, economist at High Frequency Economics, in a research note.
This blog was posted by Steve Brown of Gold Financial Services, universal City, TX. Gold Financial Services is a full service mortgage banking firm with a wide variety of conventional and government loan products, including Texas Veterans Land Board assistance program. www.mortgagesbysteve.com (210)862-2885 sbrown0007@aol.com
Texas Veterans Land Board Rates Hold Steady
Effective 111309, The Texas Veterans Land Board rates went down from the previous week coming out at 5.04%. With at least 30% service related disability the rate would be reduced by .50% or 4.58%.
Call for more information.
As reported by CNNMoney.com Treasury prices were higher Friday after the government reported that unemployment spiked to 10.2% -- its highest level since April 1983.
The jump raised demand for the perceived safety of government-backed debt, which typically attracts investors in times of economic uncertainty.
But gains were limited ahead of next week's $81 billion record refunding, which includes 2-year and 10-year notes, along with the 30-year bond.
Treasury prices on the rise. The Treasury will kick off the sale with $40 billion of 3-year notes Monday. The auction will continue with $25 billion of 10-year notes and $16 billion of 30-year long bonds later in the week.
Should be another interesting week for San Antonio Mortgages. Stay Tuned
This blog was posted by Steve Brown of Gold Financial Services, universal City, TX. Gold Financial Services is a full service mortgage banking firm with a wide variety of conventional and government loan products, including Texas Veterans Land Board assistance program. www.mortgagesbysteve.com (210)862-2885 sbrown0007@aol.com
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