Currently viewing the category: "Retail Sales"

If consumer spending is a keystone element in the U.S. economic recovery, a full-on rebound is likely underway. Retail Sales is higher for 7 straight months and is now at an all-time high.

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Mortgage rates are easing lower this morning on just-released, slightly worse-than-expected Retail Sales data from December 2010.

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Mortgage rates are recovering a little bit today, but the long-term trend seems to be reversing. With QE2 dragging on long-term interest rates and increasingly good economic data, the time to act may be sooner rather than later.

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Rising Retail Sales and Consumer Confidence data hints that the days of 4 percent, 30-year fixed rate mortgages may be nearing its end.

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Retail Sales Beat Expectations

On October 15, 2010 By

Mortgage rates are up slightly this morning after Retail Sales beat expectations.

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The recent rise in mortgage rates was slowed this week after the government released its Retail Sales report for August.

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