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Wednesday, February 23, 2011

Mortgage rates held steady today

as the markets retained gains from yesterday. Oil prices are still being pressured with the events in Libya. Continued worldwide economic turmoil is good for the bond market as traders seek the safety of U.S. debt. High oil prices add to worldwide inflation and threaten not only U.S. but worldwide recovery. Meanwhile refi applications are up as folks take advantage of a drop in rates....

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