Here’s an updated chart showing new rate lows touched briefly in the past week. As of today, the 2011 average rate for single family home loans to $417k is 4.54% with 0.7 points—this is the number in the 2011 bar. The record low is also shown below the chart. CLICK CHART TO ENLARGE.
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- Purchase Applications up 25% Year-on-year.
- Job Openings Increase.
- Labor Market Softening.
- January BLS Weak
- The Utter Failure of QE.
- Jobs Growth Weak, Exports Weak
- Manufacturing Is in Recession. Jobs Market Is Stalling.
- Economic Growth Continues to Slow.
- Confidence Remains Weak.
- Income up, Spending not.