Free Markets, Free People

Economic Statistics for 27 Jan 16

New home sales jumped 10.8% in December, to a 544,000 annual rate, well above analysts’ predictions.

The Federal Open Markets Committee left short-term interest rates unchanged today, with a Fed Funds target of 0.25% to 0.50%.

The MBA reports that mortgage applications those 8.8% last week, with purchases up 5.0% and refis up 11.0%.

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