Home Loan Rates are starting the day a little lower than yesterday's close. It could be helped later in the day when they release the Fed Beige Book and if the 10 Year Treasuries go well at the Auction today. The Stock Market is up a bit this morning (with the DJIA over the 10,000 mark). Bernanke spoke today, which he told to Congress that it will be best to exhibit Financial tightening, so the economy will have room to grow. Hopefully, they were listening. Here's a link, in case you're interested in reading his comments (click here). Mortgage Applications are down a bit again. The Euro was up a little bit against the US Dollar. Long-term, we're at levels we haven't seen, but it could become a new trend; so it's possible to see this; but we also, may see a Correction in the Short-term. Overall, Mortgage Rates should stay low for awhile.
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