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11/10 Market Close

By
Mortgage and Lending with Resource Financial Services, Inc.

Wild ride is what I will call today.  We opened the day with interest rates improving from close yesterday.  Then all heck broke loose.  The initial jobless claims put a lot of pressure on bonds.  Then later in the afternoon the results of the 30 year auction came in, not good, and bonds spiraled downward.  Only to bounce back very late in the day and finish the day up which should help rates at open on Friday (markets closed tomorrow for Veterans Day).  Oil finished the day up $1.09 a barrel and closed at $87.81.  The DOW finished the day up 10 pts to close at 11,357.  Tomorrow should be a quiet day so no updates here unless something changes.  See you on Friday!!