Monday: rates are starting off the week on a quiet note, and stocks appear (for now) to be secure. Going forward, the story will center on the the so called recovery and whether it can be sustained. According to historical statistics, it can't. Alan Greenspan hinted at this over the weekend, thus it's clear he's looking at the same data. After the flash in the pan GDP growth of the 4th quarter, GDP should go flat for the next six months or so. What does this mean for mortgage rates? I don't expect any spikes, just bumps.
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