Wednesday, October 30, 2013

The Mortgage Update 10/30/2013

Mortgage rates continue to hold around the 4% while Treasuries lost ground over night, despite the fact Consumer Confidence was weaker than expected. Today is another big day for economic news. Analysts predict U.S. companies added few workers this month, which could give the market a boost today. GDP is announced at 8:30; investors will be looking at this for inflation concerns. Federal Reserve policy makers end a two-day meeting today as well. Bernanke should announce their plan to maintain their bond purchase programs through March of next year at 2 PM.






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