November 2nd, 2009 
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Quicken Loans Capital Markets Update for November 2, 2009
U.S. bond prices were up on Friday after the day’s economic releases added to the skepticism about the sustainability of the economic recovery. This week is filled with important economic data with a large focus on Friday’s employment data.
On Tuesday, the FOMC (Federal Open Market Committee) begins a 2-day collection of people on monetary policy and the market will pay close attention to any change in language regarding the timing of future rate hikes. Many experience that the Fed will keep in pay the words “extended period” regarding low interest rates. If this does ring true, it will certainly be good news for home buyers, or just homeowners looking to refinance.
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Tags: Capital Markets, Capital Markets Update, Market, Markets Update