Daily Market Update 10/25/11

Mortgage rates moved lower Tuesday as comments from European officials suggested that a comprehensive aid package may be delayed.  Healthier countries would be required to aid troubled countries in return for greater fiscal discipline.  It appears Italy may be reluctant to make the deep spending cuts asked for in the plan.  Stocks moved lower.  In economic news, Consumer Confidence fell sharply to 39.8 from 45.4.  An increase to 46.0 had been expected.  No other key data will be released today.

Leave a Reply

Your email address will not be published.

Back to top