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Strategies & Market Trends : Real Estate home/investment -- Ignore unavailable to you. Want to Upgrade?

To: David Jones who wrote (20)	11/25/1998 12:12:00 AM
From: David Jones	Read Replies (1) \| Respond to of 73

...Seems a FED rate cut really never helps the little guy... Mortgage rates continued their station-keeping, but it was party-time on Wall Street as the Dow jumped more than 200 points Monday as merger mania vaulted the key average past its July 17 record of 9337. According to Bank Rate Monitor, the 30 year fixed rate mortgage average held at 6.69%, while the 15 year fixed rate average rose .01% to 6.35%. The one year adjustable rate average rose to 5.62%. The yield on the benchmark 30 year Treasury bond climbed .06% to close at 5.25% Monday. The Dow Jones Industrial Average closed at 9,374.27 up a full 214.72 points and an all-time high. The NASDAQ saw an even better percentage gain, up 49.21 to close at 1,977.42, a 2.55% gain.