Archive for June, 2008
Bank Concerns Help Interest Rates Drop
26 June 2008Stock investors fled equity markets today over concerns about the banking sector. As a result, bonds were up and mortgage rates will drop today by about .25 to the points.
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Fed Leaves Interest Rates Unchanged
25 June 2008The FOMC meeting adjourned today with an announcement that there would be no change to key short term interest rates. This was the result that the markets had widely expected. Bonds today were down slightly but mortgage rates should remain unchanged.
Also reported today, New Home Sales and Durable Goods Orders from May in at expected [...]