Daily Market Update 10/8/14

Mortgage rates held steady Wednesday at their lowest levels of the year.  Rates have benefited in recent days by a sharp sell-off in stocks and concerns about an economic slowdown in Europe.  Detailed Minutes from the September 17 Fed meeting will be released at 2:00 PM.  Investors will be searching for additional insight into the debate between Fed officials over the timing of future rate increases.  Results from today’s 10-year Treasury auction will be released at 1:00 PM.

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