AgentIndustry News

Economic growth at a standstill

This week's terror warning scares markets, slows gains
Published on May 28, 2004

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by CareyBot

Mortgage rates fell to their lowest level in a month, down to 6.25 percent from the 6.5 percent peak.

The largest element in the decline has been the causeless relaxation common to market retracements after hysterical intervals. Wall Street operators often use the term "correction" in order to comfort a client's suddenly shirtless condition, but this bond-market bounce-back was legit.

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