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mortgage banks association: Economic Update - Last Week in the News - 01/30/12 01:19 PM
New home sales fell 2.2% in December to a seasonally adjusted annual rate of 307,000 units from a revised rate of 314,000 units in November. Compared to a year ago, new home sales are down 7.3%. On a year over year basis, pending home sales are up 5.6% and pending home sales, a forward-looking indicator based on signed contracts, fell 3.5% in December after a 7.3% increase in November. On a year-over-year basis, pending home sales are up 5.6%. 
The Mortgage Bankers Association said its seasonally adjusted composite index of mortgage applications for the week ending January 20 fell 5%. Refinancing … (0 comments)

 

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