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Mortgage News for Tuesday - March 22, 2005

More Mortgage News
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• Overnight real estate rates flat
• The 'housing bubble'
• Consumer Alert: Mortgage hype
• U.S. Economy not yet losing steam from fuel prices
• Rice Praises Growing Chinese Economy
• Fed Raises Interest Rate to 2.75 Percent
• Inexpensive real estate spurs growth along busy corridor
Mortgage News
U.S. Economy not yet losing steam from fuel prices - 2005-03-22
Gasoline prices have jumped more than 10 percent in the past month to $2.11 a gallon nationwide, the government said yesterday. And the latest run-up in oil futures may lead to even higher prices soon.

He said low inflation and low interest rates have also helped the U.S. economy, which has surprised him with its resiliency to the surge in energy costs.
Read the full story at Seattle Times
 
Rice Praises Growing Chinese Economy - 2005-03-22
Visiting U.S. Secretary of State Condoleezza Rice said on March 21 that the U.S. side believes "it is a positive factor that Chinese economy is growing."

"China's very quick economic growth and its obvious impact on the international economy is something that everybody is watching and that everybody is concerned about," Rice told a press conference.
Read the full story at Contact Center Today
 






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