Saturday, February 26, 2011

#mortagenews rates back in the 4's, wiped out early-February spike. We have Libya, oil, stocks, housing, and the economy to thank. New home sales dumped 12.6% in January. A story cooking for months: NAR has over-reported those sales for 10 years or more. More on this as it unfolds. Wal-Mart’s sales in the last 90-days fell 1.8%. Orders for durable goods in January tanked 6.9%. Growth, sure; self-sustaining, .. uh-uh

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