Phil Osborne here with the Lehigh Valley Wealth Center Daily Interest Rate Update. Join us this Sunday at 7:30am for our radio show Lehigh Valley Wealth right here on Waeb 790.

Mortgage bonds traded higher today pushing mortgage rates lower on the day. Mortgage rates ended the week unchanged as appetite for mortgage bonds has slowed in recent weeks. Stocks fell on gloomy economic news including disappointing earnings report from GE, rising import prices, and a terrible consumer sentiment report from the University of Michigan, the lowest consumer confidence numbers in over 26 years.

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