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Economist Says U.S. recovery Unlikely Before 2009

The economy may show flashes of strength before the end of the year, says one of Canada's best known economists, but a real recovery "is a 2009 story. " In an article published Thursday, BMO chief economist Sherry Cooper says the key to a turnaround remains a recovery in U.S. housing, which...

Posted to MND NewsWire by CEP News Feed on Thu, Sep 11 2008
Filed under: Filed under: economy, US Treasury

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Mortgage Rates:

30 Yr FRM 3.86%
|
15 Yr FRM 3.24%
|
Jumbo 30 Year Fixed 4.11%

MBS Prices:

30YR FNMA 4.5 106-27 (0-03)
|
30YR FNMA 5.0 108-06 (0-03)
|
30YR FNMA 5.5 109-01 (0-02)

Recent Housing Data:

Mortgage Apps -5.07%
|
Refinance Index -6.19%
|
Purchase Index -2.65%

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Browse Blog Posts by Tags

Economist Says U.S. recovery Unlikely Before 2009

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