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Todays’ Mortgage Headlines:
- Gold up $63 at $1,370/oz. on the continued easy money policies by the Fed.
- Oil at $108.37/barrel up 30 cents.
- Weekly Initial Jobless Claims rise by 15K to 309K-Below the 340K expected.
- The no taper by the Fed could spark an increase in mortgage application volume over the near term.
- The Philly Fed surges to 22.3 in September, well above the 9.0 expected and up from the 9.3 recorded in August.
- Existing Home Sales rise by 1.7% from July to August to an annual rate of 5.48M units and above the 5.30M expected.