Anyone afraid of the sequester! I'm not! We need to cut spending and cut taxes! To bad the politicans can't come up with a budget isn't it!
Will Rogers quote of the day, "We have the best Congress money can buy!" Sorry but true!
Check out my web site at www.myslohomefinder.com for all your home search needs and wants.
What's up today: Italy Reactions, Bernanke, Data, and Auctions
Yesterday, the Dow dropped significantly, and the 10 yr bond followed after yesterday morning's Italian election results Home prices are marching higher, up a very strong 0.9 percent for December's 20-city adjusted Case-Shiller Index. This rate is the best since last year's second quarter when monthly gains averaged a recovery best 1.0 percent. New Home Sales in January surged a monthly 15.6 percent to an annualized 437 thousand from an upwardly revised 378 thousand for December. The latest number well topped market expectations for 381 thousand.Consumer Confidence is back up and quickly, to 69.6 for a more than 10 point gain from January which was deeply depressed by the rise in payroll taxes.FederalReserve ChairmanBen Bernanke (FOMC Voting Member) speaks at the semi-annual testimony before Senate Banking Committee in Washington. at 10:00 am ET.
Dow is trading at 13,853+69.52 the 10 yr bond is at 1.87 from 1.97 Yesterday, . Currently mortgages are a better from Yesterday
Conv. - 3.5%
FHA. - 3.25%
May you have a great day!
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