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increased volatility: Surge in Stocks Saps Mortgage Pricing and Reduced Unemployment Claims Support it - Daily Rate Update for July 8th, 2010 - 07/08/10 12:31 PM
Traders gobble up data suggesting worldwide growth may be stronger than expected this year; Unemployment claims fall more than expected; Mortgage rates at new lows - Rate Lock Report for Thursday, July 8th, 2010
Stocks got a nice bump yesterday as bargain-hunting traders swooped into financial sector companies, among others. After Tuesday's near-panic over a possible double-dip recession, stock prices presented a nice opportunity, enough to push the Dow Jones Industrial Average over 10,000 again. Unfortunately for mortgage pricing, much of the money needed for this came from sales of other assets, like mortgage-backed securities, causing pricing to worsen by as … (0 comments)

 

Dan Hartman

Providence, RI

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Province Mortgage Associates - (401) 263-8655

Address: 10 Davol Sq, Providence, RI, 02903

Office Phone: (401) 490-4400 x 114

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Dan Hartman's Blog about mortgages, real estate, and the economy in New England, and the United States, especially Rhode Island Rates, Connecticut Mortgages, Massachusetts Rate Locks, and New Hampshire Home Sales. Let Dan leverage his MBA in Finance and experience as a college professor for you! Locations of visitors to this page Site Meter


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