Existing home-sales fell to 5.02 million, slightly above the consensus 5.00 million estimate. Meanwhile,the Federal Housing Finance Agency's U.S. Home Prices index slipped 0.6% in January from December, slightly less than the expected 0.8% decline.
Attention also turned to Treasury Secretary Timothy Geithner's testimony on housing finance. Geithner isexpected to tell a congressional panel that &n bsp;Fannie Mae FNM and Freddie Mac FRE won't return to their pre-crisis forms.
Tuesday, March 23, 2010
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