Daily Market Update 12/11/08

Mortgage rates continued their downward slide Thursday, reaching their lowest mark since 2003, and nearing 45-year lows. Yesterday the House passed a domestic automobile manufacturer rescue plan, although its fate remains uncertain in the Senate. Weekly Jobless Claims rose to 573,000, far above consensus. The Trade Deficit widened unexpectedly in November on declining exports. Crude oil prices were higher, the dollar lower, and stocks were little changed.

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