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Stocks open flat as investors remain cautious despite strong results from BofA, Citi and GE, and better-than-expected housing news.
9:13am: Banking giant stuns analysts who were anticipating a loss, although results got big lift from sale of Smith Barney division. MoreWashington to CIT: Drop dead
Fortune's Colin Barr says the government thinks the economy is strong enough to deal with a potential CIT failure.
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Yes, strong local economies still exist. These small towns have 'em - plus great schools, affordable homes, low crime, and much more. More
Banking giant stuns analysts who were anticipating a loss, although results got big lift from sale of Smith Barney division. more
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Overnight avgs
| 30 yr fixed mtg | 5.42% |
| 15 yr fixed mtg | 4.90% |
| 30 yr fixed jumbo mtg | 6.44% |
| 5/1 ARM | 4.51% |
| 5/1 jumbo ARM | 5.25% |
California based-Hawkes Ocean Technology unveils its new Super Falcon, a two-person winged submersible. Play
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