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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: russwinter who wrote (4193)12/31/2003 9:35:46 AM
From: ild  Read Replies (1) of 110194
 
The Mortgage Bankers purchase index fell sharply in the week ended December 26, at 390.1 vs. 411.6 in the prior week and confirming a tail-spin in housing demand at year-end. The refinancing index also fell sharply in the week, down 14 percent to 1,644.3. The data are near their lows for the year, consistent with Tuesday's surprisingly weak existing home sales report.
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