Stock Market Rebounding - Mortgage Rate and Tip For 12-08-08

[Administrator]

Rates can change throughout the day after the first price sheet comes out in the morning depending on what the market is doing. Remember, (usually but not always) if the stock market is doing well then that is not good news for bmortgage/b b.../b

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(Source: Google Blog Search)

[Eugine]

The stock market rebound has been broad and ranged across all sectors, sizes, and regions of the globe. Even the troubled stock market in Greece is up about 56% in U.S. dollar terms, and 46% in Euros, over the past year, as measured by The Athens Stock Exchanged General Index. Other markets have posted gains, as well. Over that same period, commodities are up 33%, measured by the Commodity Research Bureau (CRB) Commodity Price Index. The bond market, measured by the Barclays Aggregate Bond Index, is up about 9%. In the bond market, losses in intermediate and long maturity government bonds were in contrast to the stock market-like gains delivered by lower-quality corporate bonds over the past year.