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Economic Statistics for 22 Aug 12

Here are today’s statistics on the state of the economy:

Existing home sales rebounded 2.3% in July to a 4.47 million annual rate. This partially reverses June’s -5.4% drop in sales.

The MBA reports mortgage applications fell -7.4% in the latest week, with purchase applications rising 0.9%, but re-fi applications falling -9.0%.

Dale Franks
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