The United States Treasury is going to auction $104 BILLION in debt next week which will be a new record.? Treasury yields saw this as another step in saturating the market so they were down across the board.? This is sure to force the 10 year treasury rate lower which in essence will lower mortgage rates, but once again, we are dealing with artificial mortgage rates.? The government has to let go at one point and let the market set interest rates!? It will be very interesting to see the take on this through other media sources.? I feel that we are continuing to prop up this ailing housing market by creating artifical mortgage rates which are eventually going to head much higher due to free market capitalism.

With the Fed continuing to print more money, make sure to invest in inflation investments.? Also, keep up with daily mortgage rates through Subprime Blogger.