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BUY NOW! the sequel!
I wrote a blog 26 days ago suggesting those on the fence to buy a home get moving. Indications are that NOW is a great time to get historically low rates before the politicians figure out a way to get the economy moving before the mid term elections.  While last week's economic calendar may have started off on the quiet side, the news picked up steam in the second half of the week. Read on for the highlights.
There was good news in the labor markets, as weekly Initial Jobless Claims fell by 32,000 in the latest week to 300,000. This was near a seven-year low and a signal that the labor markets may be coming out of hibernation as spring starts to bloom. In addition the 4-week moving average of claims, which irons out seasonal abnormalities, also fell. Meanwhile, the Consumer Sentiment Index for April came in above expectations, showing that consumers are feeling positive about the economy as we head into warmer months.
The housing sector also had good news to report, as foreclosure activity across the nation continues to decline. RealtyTrac reported that foreclosure filings fell to the lowest level since the second quarter of 2007. In addition, March ... more

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