189566 Resource 178438 178984 178982 1194992115713 1194993423107 Controlled Mortgage Rates in Flagstaff as Elsewhere Are Volatile As They React to Today's Economic News

Dow up 300 points with biggest single-day gain in eight weeks: Nasdaq up 3.5%

<p>U.S. stocks surged higher Tuesday as beleaguered financial stocks fronted a rally that sparked the Dow's biggest single-day jump in eight weeks after Goldman Sach's outlook helped appease market jitters about the credit crisis.&nbsp;&nbsp; The Dow Jones Industrial Average climbed 319.5 points or 2.5%, to 13,307.1 with all but one of its 30 components ending higher, led by financial stocks, including JPMorgan Chase, up 6.3%.&nbsp; Is this a one day event?</p><p>Stocks continued to climb as the National Association of Realtors reported its index of contract signings on existing homes fell to 85.7 in September from the year ago reading of 107.6.&nbsp; But the data was up slightly from August, and beat expectations of a 1% decline.</p><p>With the stock market this hot it is best to wait for further economic reports which will be out each day the rest of this week to see if the bond market improves.&nbsp; I recommend <strong>floating </strong>now for a stronger bond market to appear.&nbsp; </p><p /> 10 application/xml false 30-year fixed rates Flagstaff home loans Flagstaff mortgages Mozilla/4.0 (compatible; MSIE 7.0; Windows NT 5.1; .NET CLR 1.1.4322; .NET CLR 2.0.50727) 127.0.0.1 127.0.0.1 aheitland 75.160.24.218 false true false false true 178975 false false true false false false true 178438 blog blogsite/BestFlagstaffHomes/web