Saturday, July 18, 2009

FW: Inman PM: 'Mortgage starvation' stunts recovery

 

 

 

From: Inman News Headlines [mailto:dailynews@inman.com]
Sent: Friday, July 17, 2009 4:14 PM
To: mark@itsyoursale.com
Subject: Inman PM: 'Mortgage starvation' stunts recovery

 

Inman News: PM Edition

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Friday, July 17, 2009

'Mortgage starvation' stunts recovery
Long-term rates jumped this week, and the 10-year T-note rose to 3.6 percent from 3.28 percent at last week's low, the principal push delivered by a 500-point surge in the Dow.

Mid-summer is the "silly season," when a shortage of serious news elevates "Man Bites Dog" to the front page. This stock rally was short-covering, and bonds are on constant selling edge because of runaway deficits. New data could be read as green-shoot or L-shaped non-recovery, but none were trend-changers. More »


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Premium Members"We had several cases where our sellers were convinced that their house was haunted. Saying in writing that your house is haunted is probably not a great idea." --Bernice Ross


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