Housing Mortgages Information

Mid-Day Recap: Risk Averse Attitude Moves Stocks Lower. Yield Curve Rallies

Housing data was positive this morning but markets are reeling from mixed earnings reports and weak consumer confidence. Ninety minutes into the session, all three major indexes are trading lower, following 11 days of rapid gains.

As of 11:00, the S&P 500 is the worst of the bunch, down 0.52% at 977, while the Dow is trading 0.28% lower at 9083, and the Nasdaq has fallen 0.29% to 1962….(read more)