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Refinance Boom Over

The decline in interest rates and more importantly in mortgage rates have been able to prop up the ailing US economy a little bit. But it seems that the short lived mortgage refinancing boom is over and will no longer be able to offer any support : Keep in mind that the most recent data suggests that bond sentiment is extremely bearish . The above chart is from the daily market commentary by David Rosenberg (sign up to receive it for free). bond , David Rosenberg , Gluskin an

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