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Rebound in Durable Goods Orders Boosts Equity Futures

by devteam June 26th, 2009

New orders for durable goods came in well above even the most optimistic expectations in May. Led by gains across the board, new orders increased by 1.8% for the second month in a row, in stark contrast to expectations for a 0.5% decline. Forecasts had

MBA Reduces Origination Outlook Again. Offers Variety of Expectations

by devteam June 23rd, 2009

In its monthly mortgage finance forecast, the Mortgage Bankers Association (MBA) lowered its forecast for mortgage originations in 2009 to $2.03 trillion today. This is the fourth consecutive month the MBA has reduced its outlook for total mortgage originations

Markets Optimistic Ahead of Real Estate Data

by devteam June 23rd, 2009

After dropping 3.06% to begin the week yesterday, S&P 500 futures are moderately higher before Tuesday’s opening bell. Twin releases from the real estate market will help determine if those gains can be extended upon. The monetary policy meeting

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