The stock market is plummeting today because of concerns about the global economy, including the European debt crisis and the slowing growth rate in China. While some good news has come out of the U.S.
Mortgage rates are expected by HSH.com to rise slightly this week, but today the average mortgage rate on a 30-year fixed-rate home loan is 4.24 percent, down very slightly since Friday.
Economic news on March 1 was a good news/bad news mix, which is likely to mean that today's mortgage rates will be relatively unchanged.
The Federal Reserve's Beige Book, which takes a broad look at economic indicators in each region of the country, shows that the economy is moderately improving.
The Conference Board, a private research group, announced its consumer confidence index for February was 70.8, compared to 61.5 in January.
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