Monday, March 16, 2009

Daily Market Update 3/16/09

Mortgage rates were little changed Monday as global stock prices moved higher. In a rare interview Sunday, Fed Chairman Bernanke said he believed the current recession would end this year and the economy would begin rebounding in 2010. In economic news, Industrial Output fell 1.4% in February, a bit more than forecast. Producer and Consumer Price data will be released over the next two days.

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