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dow2664 Home loan Mortgage Interest Rates remain at relative lows but the housing market continues to struggle. This time of year is historically challenging for home sales data and recent data has not refuted the historic trends. Home sales and home prices continue to feel the pressure from the above average number of foreclosures that still exist in the U.S. marketplace. This week in the U.S. will be abbreviated as the markets will be closed today for the observance of the Martin Luther King Holiday. As for the rest of the week, each day will bring news reports relevant to the Real Estate sector. On Tuesday, the Mortgage Bankers Association will post its weekly survey on mortgage applications. On Wednesday, the National Association of Home Builders will post its confidence index. Thursday will bring the reports on housing starts and building permits from the Commerce Department. Closing the week on Friday will be the December data on existing home sales via the National Association of Realtors. Best execution mortgage interest rates to close out the last week remained relatively low. Best Execution 30 year fixed was 3.8 percent. Best execution 15 year fixed rate posted at 3.37 percent as of end of last week close. Stephen Johnson
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