Wednesday, January 11, 2012

The Market Today

Fed Posts $76.9 Billion Profit for 2011
What to Watch: Mortgage applications for the week ending January 6 rose 4.5%, led by an 8.1% increase in purchase applications. Looking at the four-week moving average (see chart), purchase applications are only marginally higher than their lowest point while refinance applications continue to trend higher." The Market Today :

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