Daily Market Update 7/20/10

Rates held steady Tuesday as mortgage-backed securities recovered from yesterday’s late sell-off. This morning, the Commerce Department reported a 5% drop in June Housing Starts to an annual rate of 549,000 units, below the consensus forecast of 575,000. Meanwhile, Building Permits, a leading indicator, rose 2%. Stocks moved sharply lower. No other data will be released today.

Leave a Reply

Your email address will not be published.

Back to top