Daily Market Update 8/10/09

Mortgage rates inched lower Monday after having risen about 3/8% last week. No economic data is due out today, but the remainder of the week will be busy. The Fed’s FOMC meeting wraps up Wednesday, and while no rate changes are expected, investors will be watching closely for details on when the Fed plans to end its purchase of US Treasurys. Rates may remain volatile throughout the week.

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