Friday, January 7, 2011

#mortgagemarketrecap Rates remain low. Low Fee loans ended the week @ avg 4.75% Some indicators say economy doing better but when you look under hood instead of V8 you have a 4 cylinder firing on 3. Earlier in week market spooked by ADP jobs. Then real jobs numbers came in @ 100k. Falls short of population growth so we still had a net loss of jobs. Bernake says we need several years of growth to get out of this.

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