Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Thursday, June 14, 2007

Sweet Repeat

Markets surged again today, shedding the doldrums and concerns of the last week. Consumer prices rose, but the increase indicated inflation MAY not be as imminent as predicted. Yields continue to rise, with mortgages showing the biggest effects. The 30 year mortgage is now sitting at 6.74%. Will this be another blow to the slow housing market? Stocks added more than 1/2% today. DJIA +71.38 NASDAQ +17.10 S&P 500 +7.30