Tuesday, March 24, 2009

Daily Market Update 3/24/09

Mortgage rates were little changed Tuesday in the wake of yesterday's huge stock market rally. Investors will be watching the results of this afternoon's 2-year Treasury auction. Fed Chairman Bernanke and Treasury Secretary Geithner testified before Congress this morning calling for increased regulation of the banking industry. Stocks were modestly lower. No economic data will be released today.

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