Freddie Mac reported the 15-year mortgage at the lowest level ever recorded in its weekly mortgage survey this week. The 15-year FRM averaged 4.32%, down from last week when it averaged 4.36%.
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Gold rose for the sixth straight session this week hitting a new record high amid concerns over inflation and a weakening dollar. Gold rose to over $1,149 an ounce this week on the New York Mercantile Stock Exchange.
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Short-term Treasury yields dropped this week, with the yield on 2-year notes falling to the lowest level of 2009. Analysts say the bond market is acting on sentiment that the economy is recovering at a slower-than-anticipated pace.
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