Retail Sales Down – Mortgage Interest Rates Favorable

Retail Sales Chart - Sep 2013 - Jan 2014

Retail Sales in January fell by 0.4% versus the 0.0% expected. Retailers cited the harsh January weather for the decrease, which slowed shopping and auto buying. It was the second straight monthly decline. These lower than expected numbers are also helping keep interest rates at all-time lows. If you are still considering refinancing or looking to buy your next home, now is a great time.

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