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Yesterday’s problems in the Middle East not only caused oil prices to rise

Mortgage and Lending with GITER DONE MTG

but a flight to quality in US Treasuries. Unfortunately mortgage rates didn't tag along for the ride, and buyers backed off their prices during the day. On today's economic agenda, October's composite home price index is expected to decline -17.9%, a new record low, due to the inventory of homes and weak economic conditions.






Comments (2)

Marian Thomas
Texas Small Business Lending - Fort Worth, TX

I also wonder if the turbulence in the Middle East is going to change the Feds outlook for 2009.

What are other views on what the Feds are trying to do to help us.


Dec 31, 2008 05:56 AM
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

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