The Federal Reserve did not change its target for short-term interest rates, and prices--while higher at both the producer and consumer level--remained reasonably in check. Industrial production, housing starts, and the index of leading economic indicators posted advances. For more details check out the Vanguard Weekly Review @ http://www.vanguard.com/visit/econweek121809 .
Of course new home purchases continue to rise - probably as a direct result of the increases in foreclosures. While this alone is not a great reason to cheer on - it is reason to look and and consider the fact that individuals are confident about the future and are willing to take a risk in investing in the future - either on their primary home or their investment home. As the US economy is very dependent on consumer sentiment (on the retail side) - even these small numbers should give a lot of hope to investors and economists who are keenly watching the situation.
PrivoCorp - the fastest processor of mortgage home loans in the US is in a great position to help lenders, banks and net branch companies help close their loans faster. For more information click on http://www.privocorp.com/
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