U.S. Economy: Corporate Profits Jumped in 4th Qtr; GDP Up 4.1% - 2004-03-25
The U.S. economy grew at a 4.1 percent annual rate in the last three months of 2003, corporate profits surged, and home sales accelerated in February.

A decline in mortgage rates last month to almost the lowest ever has spurred home buying, which has helped underpin economic growth the past two years. Freddie Mac, the No. 2 purchaser of home loans, predicted last week that this year will be a fourth straight for record sales of new and existing houses combined.
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U.S. February Home Resales Climb to 6.12 Million Rate - 2004-03-25
U.S. sales of previously owned homes increased 2 percent in February after mortgage rates dropped from the month before, an industry report showed.

Resales climbed to a 6.12 million annual rate last month from 6 million in January, the National Association of Realtors said in Washington. The pace of house purchases has held at or exceeded 6 million for eight months straight.
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