A good-news week in the credit patch -- an exceedingly odd mix, but good. Weakness in Europe, authorities in China tightening into a bubble, a softening data-pattern here, an add to mortgage supply and a woozy stock market conspired to hold lowest-fee mortgages to 5.25 percent, the post-August high. That despite Treasury auctions of $81 billion in long-term paper. Bond ghouls love lousy news. The National Federation of Independent Business survey (www.nfib.com, "SBET") in January found no meaningful improvement in a small-business "L" non-recovery, and overall retail sales poked along at a 0.4 percent gain. The euro-zone trouble with its weak members entered a new phase. Germany said at mid-week that it would intervene to prevent a Greek default, and interest ...
Get Inman via Facebook Messenger
Our top headlines delivered once a day.