Market Update (12/14/2009)

After a slight uptick last week for interest rates that followed the record low mortgage interest rates that we saw in the first week of December, rates are once again settling into the low 5% range. Not much economic news is set to be released today, but the rest of the week is full of market movers. On Wednesday, the Fed will get together for the 8^th and final time to discuss their short-term monetary policy. As you know, the news that comes out of this meeting could always be market moving. Also on Wednesday, there are several very important inflation reports set for release. Any sign of inflation will cause a sell off in the bond market and higher interest rates.

In the meantime, please enjoy the current mortgage interest rate market as we head into the final stretch of the year.

Have a great day and a great week!