Wednesday, May 20, 2009
Daily Market Update 5/20/09
Mortgage rates held steady Wednesday as stocks rallied. In spite of lackluster data, investors have become increasingly optimistic about the overall direction of the economy in recent weeks. Oil prices rose above $60 per barrel, the dollar fell against the euro. The Fed will release minutes from last month's FOMC meeting today at 2:00 PM et. No surprises are expected.
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