Blog

Daily Market Update 11/7/12

Mortgage rates inched lower Wednesday following the election results.  As expected, the Obama victory was positive for bonds and negative for stocks.  Separately, European Union forecasts for economic growth for the next two years were downgraded more than expected.  U.S. stocks moved sharply lower.  Results from today’s 10-year Treasury auction will be released at 1:00 PM.

Leave a Reply

Your email address will not be published.

Back to top