U.S. Stocks Rally on Retail, Housing Data; Banks Lead Gains
PulteGroup Inc., the largest U.S. homebuilder by revenue, advanced 3.2 percent after pending sales of existing homes increased by a record 10 percent in October. Home Depot Inc. climbed 5.5 percent, leading gains in the Dow, as retail sales rose the most since March. Bank of America Corp. and... Yahoo - Energy - Technology - Google - Environment
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Impact of changing mortgage rates
Winston Churchill said, "there is nothing wrong with change, as long as it is in the right direction." Unfortunately, the "right direction" for mortgage rates is down -- and that's not where things are headed.
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