Q3 GDP Nearly Doubles

Growth in the U.S. economy picked up during the third quarter as the gross domestic product from July through September increased at a rate of 2.5%. Nearly double the Q2 reading, and well above the reading from Q1. This represents the fastest growth of 2011, and the largest increase in a year. While this is likely good news for stocks, it could have an affect on home loan rates as money moves out of bonds and into stocks.

©2011 MSS, LLC. All rights reserved.