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What’s Ahead For Mortgage Rates This Week – May 20, 2013
Last week was jam-packed with economic news; here are some highlights with emphasis on housing and mortgage related news:
by Bruce Brown of Prime Lending & host of Dollars & Homes Talk Show...Sundays at noon on 710am, Kansas City's Talk Radio
for Thursday & Friday and more mortgage news, read more...

Monday: Retail sales for April increased to -0.1 percent from the March reading of -0.5 percent and also surpassed Wall Street’s downward forecast of -0.6 percent. Retail sales are important to economic recovery as sales of goods and services represent approximately 70 percent of the U.S. economy.

Tuesday: The National Federation of Independent Business (NFIB) released its Small Business Optimism Index for April with encouraging results. April’s index rose by 2.6 points to 92.1. A reading of 90.7 indicates economic recovery. This index is based on a survey of 1873 NFIB member businesses.

Wednesday: The National Association of Home Builders/Wells Fargo Housing Market Index (HMI) for May matched investor expectations with a reading of 44. At three points above the March reading of 41, this report suggests that builders are slowly gaining confidence in national housing markets.