Interest Rates, Stocks, Bonds, Oil — Nothing is Normal

Interest rates on home loans shot up higher over the past week as demand for refinances remained strong despite major fluctuations in stock and bond markets. The 30-year fixed-rate mortgage averaged 3.65% this past week, the uptick is a major reversal from just two weeks ago, when it hit a record low at an average of 3.29%. Ann Zylengold of FM Home Loans says with rates all over the place, nothing is normal…

US oil prices meanwhile jumped as much as 24% Thursday, the most ever, after the president said he’d get involved in the global price war at an appropriate time.

Snow Closings Updated Regularly

Please click on the image below to view all snow closings for Rockland County.