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Yesterday’s problems in the Middle East not only caused oil prices to rise

but a flight to quality in US Treasuries. Unfortunately mortgage rates didn't tag along for the ride, and buyers backed off their prices during the day. On today's economic agenda, October's composite home price index is expected to decline -17.9%, a new record low, due to the inventory of homes and weak economic conditions.

http://www.milestonemtg.com/dsorenson

Posted Tuesday Dec 30