| Stock Market Close for the Week |
| Index | Latest | A Week Ago | Change | | DJIA | 10325.28 | 11143.13 | -817.75 or -7.33% | | NASDAQ | 1947.39 | 2183.34 | -235.95 or -10.8% |
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| WEEK IN ADVANCE |
The economy has been deteriorating before our eyes amid efforts to pass bailout legislation. Now that the bailout bill has been approved, the economic data will come back into play as the next FOMC meeting approaches. Given the current state of economic affairs, a rate cut at the end of the month is very likely. It's a great time to buy real estate in Colorado Springs.
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| Key Interest Rates | Latest | 6 Mos Ago | 1 Yr Ago | | Prime Rate | 5.00 | 5.25 | 7.75 | | Fed Discount | 2.25 | 2.50 | 5.25 | | Fed Funds | 2.00 | 2.23 | 4.72 | | 11th District COF | 2.693 | 3.560 | 4.359 | | 10-Year Note | 3.60 | 3.55 | 4.57 | | 30-Year Treasury Bond | 4.09 | 4.36 | 4.80 | | 30-Yr Fixed (FHLMC) | 6.10 | 5.88 | 6.37 | | 15-Yr Fixed (FHLMC) | 5.78 | 5.42 | 6.03 | | 1-Yr Adj (FHLMC) | 5.12 | 5.19 | 5.58 | | 6-Mo Libor (FNMA) | 3.98125 | 2.61438 | 5.13250 | | Sources: IBC' s Money Fund Report; Bank Rate Monitor; Federal Home Loan Bank of San Francisco | |
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