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The Week In Review (January 22, 2007) : What To Watch For

January 22, 2007 by Scott Kinne

Last week, economic data showed that the economy continues to grow at a healthy pace and that last year’s fears of an economic recession may have been overblown; wholesale and consumer prices were up 1.1% and 2.5% annually, respectively.

With no clear recessionary indicators present in the market, long-term mortgages such as the 30-year fixed mortgage reached their highest levels in nine weeks. This week, markets will be looking for more clues on how housing is impacting the economy.

Expect a lot of rate volatility surrounding Thursday’s Existing Home Sales report and Friday’s New Homes Sales report.

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Scott Kinne

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Vice President, Senior Loan Officer
NMLS ID #182351
Office: 703.293.6146
Mobile: 571.237.6241
Fax: 571.317.2478
skinne@fhmtg.com

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