Archive for August 11th, 2006

Housing Sector Is No Longer Fueling The Economy

Friday, August 11th, 2006

Slower economic growth and rising inflationary pressures are cited as competing trends in the U.S. economy by Freddie Mac in its monthly Economic Outlook for August which was released on Wednesday.

...The report estimates that $500 billion in first mortgages and $650 billion in second lien loans will be refinanced this year and that a total of...

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