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Paulson: House Prices Will Rise 3-5% This Year

Hedge-fund manager John Paulson, who made $15b shorting the real estate market, said today that he expects housing prices to rise between 3 and 5 percent this year and another 8 to 12 percent in 2011. Read more: CNBC

Mortgage Rates Lowest Since March

U.S. mortgage rates for 30-year fixed loans dropped to 5 percent in the week ended today from 5.06 percent last week. The average 15-year rate was 4.36 percent. Read more from The Buffalo News Business Today

Positive Reports Supporting Hopes For Recovery

It was an unbelievably busy March for U. S. factories and a surge in home buying are the latest signs that the economic recovery is picking up. Orders to U. S. factories rose 1.3 percent in March, the Commerce Department said Tuesday. That was much better than the 0.1 percent decline analysts had expected. Excluding the volatile transportation sector, orders gained 3.1 percent, the biggest increase...
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