Despite low mortgage rates, mortgage applications for re-financings and home purchases declined 4.5% last week. Existing Home Sales rose 4.3% in January to an annual rate of 4.57 million units.
The Chicago PMI came in at 58.4 in October slightly below consensus. The Dow Jones Industrial Average traded down from 12,229.29 towards 12,000 going into the final half hour of trading. The
Broker/dealer MF Global (MF) has filed for bankruptcy, leading exchanges in New York and Chicago to ban their traders from the floor until further notice. MF Global went through rocky times last
