Daily Market Update 4/8/09

Mortgage rates inched lower Wednesday following strong demand for the 3-year Treasury auction. Minutes from the March 18 FOMC meeting indicated Fed officials were concerned about the risk that economic growth will be slower than expected in the second half of 2009 and in 2010. Stocks rose modestly. Tomorrow, weekly Jobless Claims, the Trade Balance, and Import Prices will be released at 8:30 AM. There will be a 10-year Treasury auction at 1:00 PM.

Leave a Reply

Your email address will not be published.

Back to top