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5. Even though we dont deserve it (dont try to say we do, we’ve had a negative savings rate for the last ten years), it looks like the US will be keeping our AAA credit rating.

4. The core consumer price index is up a little (0.1%, about as little as it can be up) for the month of May.

3. Foreclosures are starting to hit the California marketplace again after a months long pause due to foreclosure moratoria.

2. Mortgage applications continue to falter, now at a seven month low.

1. In today’s news thats not really news, a neighbor’s foreclosure will negatively affect your home’s value.  What was that you were saying about not wanting to bailout the guy down the street?

This entry was posted on Wednesday, June 17th, 2009 at 8:29 am and is filed under Mortgages. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.