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Business and Consumer Spending Drag on Domestic Output

by devteam July 31st, 2009

Advanced estimates of Gross Domestic Product indicated output of goods and services produced by labor and property in the United States declined by 1.0% in the second quarter, marking the third straight quarter of GDP contraction.

Markets Await Advance Read on Q2 GDP

by devteam July 31st, 2009

The week’s big event happens today at 8:30 when the first official estimate for second quarter GDP is released. Most analysts expect the economy to contract for the third straight quarter, and all agree that Q2 is a significant improvement over the prior six months.

GSEs Say Mortgage Rates Rose Last Week

by devteam July 30th, 2009

Mortgages rates rose across the board during the most recent week according to data released by both Fannie Mae and Freddie Mac. Freddie Mac's vice president says that bond Rates and more rosy economic news helped to fuel the increases.rnrnrn

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