Monday, September 12, 2011
Daily Market Update 9/12/11
Mortgage rates remained near 60-year lows Monday. Concerns about the increased likelihood of default by Greece hurt global stock markets. Bank of America announced plans to eliminate 30,000 jobs over the next three years. No key economic data will be released today. Results from today's 3-year Treasury auction will be released at 1:00 PM.
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Refinancing your home loan enables you to replace your existing home loan with a new home loan with better terms while giving you the opportunity to get cash back from the equity you have built in your home.
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