NEW YORK (CNNMoney) -- Greece is last week's news. Today investors are worried about Italy, where the cost of borrowing has reached record levels.
The yield on 10-year Italian sovereign bonds reached 6.66% despite substantial direct purchases from the ECB, putting into question the ability of the Mediterranean country to borrow on the open market.
Equity indexes across the world are in the red as investors fear that the latest debt issues in Italy might freeze credit markets.
Meanwhile gold is rallying as its role as a safe haven is recognized again. GLD () is up more than 4% for the past 5 days, while SPY ( ) lost 1% for the same period. Gold miners via GDX ( ) advanced more than 6% for the past week.
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|Overnight Avg Rate||Latest||Change||Last Week|
|30 yr fixed||3.78%||3.79%|
|15 yr fixed||2.98%||2.93%|
|30 yr refi||3.85%||3.85%|
|15 yr refi||3.05%||3.00%|
Today's featured rates: