Tag Archive | "Wall Street"
Urgent Mortgage Update: Mortgage Rates will remain low after Wall Street’s Bloody Monday! - 9/15/2008
Good Afternoon, If you have inquired about a refinance within the last two years please read closely. The Dow Jones Industrial Average dropped over 500 points today, which is the biggest drop since 9/11. Due to this financial MELTDOWN, Treasuries bonds increased and since mortgage rates are tied to the bond market, mortgage interest rates are [...]
Continue reading...Market Update 7/28/2008 - A Rollercoaster Market Week Ahead
Monday, July 28, 2008
Good Afternoon, Another jam-packed week of important economic news may influence mortgage interest rates again. We saw Friday’s stock market rally stimulate the sell off in the bond market and mortgage rates increased as a result. However, Friday’s 10-year bond losses are now gains, so we should see another improvement in today’s mortgage interest [...]
Continue reading...
Monday, September 15, 2008
0 Comments