Markets in for Wild Ride
- By:
- Bill Rice | Fri, 10/24/2008
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Asian markets down 10%, European markets down 7%, and US Futures triggering circuit breakers well before US market open--hold on for a historic open and potential trading day. Most analysts are predicting NYSE circuit breaker triggers early, and potentially multiple pauses in trading. However, mortgage rates are likely to hold flat as investors do not see MBS as opportunity or safety.
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National Rates
| Loan Type | Today |
|---|---|
| 30 yr fixed | 4.83 |
| 15 yr fixed | 4.39 |
| 5/1 ARM | 3.69 |
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