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Treasury Market Update Lake Arrowhead, CA.

Piedmont Capital Market Update
August 10, 2011

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10 Unit Multi-Family

 

Los Angeles, CA

 

5 Year Fixed

 

4.49% Interest Rate, Cash Out Refinance.

 

 

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Casey Wright

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415.873.0508

 

Treasury Market Update

 

The anticipated debt downgrade of U.S. debt by S and P occurred after market close last Friday. The result, opposite to what some expected, was no forced selling of U.S. treasuries (the opposite occurred) and renewed potential for an increased period of low interest rates. As of right now, the 10 year treasury yield is 2.080%, down from 2.600% exactly one week ago. Investor psychology is having far more of an impact on the markets than actual fundamentals right now and, until this changes, any major rate increase in the short term isn’t a risk.

 

 

 

Average Interest Rates

 

Click here for our website blog to learn more about these rates and other products.

 

 

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Piedmont Capital  //   201 California St, Suite 1400, San Francisco, CA 94111  
415.873.0508       //   www.piedmont-capital.com

Published Wednesday, August 10, 2011 2:22 PM by CJ VanDerMeulen

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