Market Update 11/14/08

30 year fixed rate
6% @ 1 point ( 6.205% APR )
30 year fixed FHA rate:
6.25% @ 1 point ( 6.4 6% APR )
Today's News


Stocks fall as retail sales signal consumer distress

U.S. stocks on Friday fell for a fourth day this week, retreating after the prior session's rally, with retail sales declining a record amount in October, J.C. Penney Co. offering an outlook miss and Nokia Inc. warning of falling handset sales.