Rates tick down as a result of stock market losses
20 August 2007
Today’s market improved with the stock market down.ﾃつ ﾃつ Mortgage rates could improve today by .125 of a point.
The LEI (Leading Economic Indicators) report was released this AM by The Conference Board, showing economic activity increasing, matching forcasts.ﾃつ This had no impact on rates.
There is no relevant economic news due to be released until Wed.ﾃつ The stock market and current credit market crisis will be the main factors which affect bond prices.ﾃつ Weakness in the stock market will lead to improvements in the bond market.
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