As the Dow Jones Industrial Average blew through 10,000 yesterday, investors pulled money out of the safety of Treasury bonds, and into equities. Thus, today's mortgage rates moved up with the Dow.
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Just when investors thought it was safe to return to the stock market, shares across the board tumbled again today after Wall Street suffered its second largest one day fall in a year. Stock markets worldwide have been jittery since the Shanghai market took a 9 per cent dive two weeks ago and triggered the single biggest fall on Wall Street since the terrorist attacks of 9/11.
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