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Mortgage News for Tuesday - February 20, 2007

More Mortgage News
• Zero-down mortgage lenders folding
• Bad refinance mortgage debt not widespread issue
• The Mortgage Market This Week
• Weak US housing market hits Home Depot
• REAL ESTATE: Former boom areas have sales slump
• Canadians a cautious bunch at mortgage time: poll
Mortgage News
The Mortgage Market This Week - 2007-02-20
Last week, mortgage rates got a welcomed push down thanks to Ben Bernanke's testimony before congress. This holiday shortened week puts the spotlight on several potentially market moving economic releases.
Remarks last week from Federal Reserve Chairman Ben Bernanke that economic growth and inflation are easing helped to push rates lower for most of last week.
Read the full story at Originator Times
 
Weak US housing market hits Home Depot - 2007-02-20
Home Depot on Tuesday reported a 28 per cent drop in fourth-quarter net profits, as weakness in the US housing market curtailed spending on home improvement projects. The results highlighted the challenge faced by Frank Blake, Home Depot's new chief executive, as he tries to restore growth to the world's biggest do-it-yourself retailer.
Read the full story at MSNBC
 






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