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Mortgage News for Monday - March 28, 2005

More Mortgage News
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• Countrywide Financial names new CFO
• Stocks Up on Hopes for Stronger U.S. Economy
• Inflation elevates interest-rate concerns
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• Real estate investing credited for economic upswing
Mortgage News
Stocks Up on Hopes for Stronger U.S. Economy - 2005-03-28
Hopeful investors pushed stocks higher Monday as Wall Street looked for a week of solid economic data would ease inflation fears and help an oversold stock market recover from its recent losses. Falling oil prices and a strengthening dollar also spurred buying. The health of the U.S. economy, however, was foremost on investors' minds.
Read the full story at Forbes
 
Inflation elevates interest-rate concerns - 2005-03-28
The Fed changed emphasis at its meeting on Tuesday, indicating elevated concern for inflation "pressures," if not the fact. Long-term interest rates instantly blew up to the highest level since last summer: the 10-year T-note traded above 4.6 percent (it had been as low as 4 percent last month), and the lowest-fee 30-year mortgages touched 6.25 percent at maximum panic, now back to 6.125 percent.
Read the full story at Inman.com
 






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