Monday, July 21, 2008

Rate Update for July 21, 2008


Mortgages rates have now reached multi-month highs.

Since Tuesday, July 15th the Dow Jones Industrial Average has rallied by over 6% as confidence in the financial sector has begun to return to investors’ psyche.

Watch today’s you tube video for a refresher on how the stock market impacts mortgage rates.

Current Outlook: cautiously floating

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