08 May 2009 – The stock markets have been creeping upward. The Dow is over 8,500 as of Friday morning. Mortgage rates have been in line, creeping upward also. The federal government has released their stress test results. They report that most big banks need more liquidity and reserves. The banks are responding, to my surprise, by announcing plans to meet those numbers and raise capital. The US shed the fewest jobs in 6 months, as unemployment numbers show fewer losses than expected. In non-economic Chicago news, the Blackhawks have tied the playoff series 2-2.Email This Post To a Friend.
Mortgage Rates Creeping Up with the Dow
May 8, 2009
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