22 May 2009 – Yesterday Great Britain got its AAA credit rating downgraded for the first time, sending investors on a selling spree. There is concern that the same thing might happen in US. Stocks, bonds, T-notes, the US dollar are all down, which is unusual to have everything drop at once. So, Thursday afternoon and Friday morning mortgage rates were up somewhat sharply. However, I don?t see this as reason to panic, as this sort of knee-jerk reaction has become somewhat common lately. Slowly, or quickly, things are likely to come back around. Happy Memorial Day weekend to all! Don?t forget to thank a soldier for our freedom.Email This Post To a Friend.
Thursday Afternoon and Friday Morning Mortgage Rates Were Up Somewhat Sharply
May 22, 2009
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