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Afternoon Market Update 12/14/09

Currently down 16 bp (and surprisingly so), there is no movement in stocks, bonds, or oil today. Doesn’t look like there will be a risk to float until tomorrow, but realizing all the volatility that has been going on lately, if it was me, I would lock in your loan. Tomorrow the economic calendar has…Read the Rest of Article

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House Kills Mortgage Relief in Wall Street Bill

The Associated Press WASHINGTON – The House has rejected an effort to expand a Wall Street regulation bill with mortgage relief that would let debt-ridden homeowners reduce their payments in bankruptcy court. The vote was 241-188 to reject. The provision would have revived a previous bill that passed the House but later failed in the…Read the Rest of Article

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