Daily Market Update 11/7/11

Mortgage rates were little changed Monday.  Investors are likely to focus on developments in Europe this week, as no key economic data will be released in the U.S.  Greek Prime Minister George Papandreou announced he will resign and there will be no public referendum on government-approved austerity measures.  In Italy, Prime Minister Silvio Berlusconi may be facing the same fate, but has denied his resignation is eminent.

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