Daily Market Update 12/9/08

Rates held steady Tuesday as the National Association of Realtors reported Pending Home Sales declined less than expected in October. Some analysts see this as an early sign of stabilization in the housing market. Mortgage rates have fallen nearly 1% since the period covered in the report, fueling further optimism. Stocks moved modestly lower after two consecutive days of sharp increases. No other economic data is scheduled for release today.

Leave a Reply

Your email address will not be published.

Back to top