And how about that housing market! Homebuilder
sentiment increased for the eighth straight month with the index at its highest
level since April 2006. Existing Home Sales in November increased nearly 6% to
a better than expected 5.04 million with sales at their highest level since
November 2009. In addition, the national median home price was up about 10%
from a year ago while months' supply of 4.8-months was at its lowest since
September 2005. And the FHFA house price index reported prices rose 0.5 percent
in October and were up 5.6 percent year-over-year. And if housing prices
continue to move higher, that increases the pool of potential refi's for 2013,
right?
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