Daily Market Update 10/25/10

Mortgage rates held steady Monday. In economic news, Existing Home Sales rose 10% last month, beating forecast, and providing some evidence that the real estate market may be stabilizing. Analysts credited record-low interest rates for the increase. The weekend G20 meeting contained no news which would reduce the chances of additional Fed stimulus. Stocks moved higher. No other data will be released today.

Leave a Reply

Your email address will not be published.

Back to top