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Maybe now we can say that housing has bottomed? After 3 years of disastrous data, 19 of the 20 markets tracked by Case-Shiller improved last month -- the 5th straight month of strong data and the index's strongest showing in 3-plus years. This is definitely something for the news van.
For the second consecutive month, mortgage lenders issued 100-plus rate sheets in a 60 day period. That's 2.36 rate sheets per day, or roughly 0.64 less than the Magic Number. It's a ridiculously high number in the context of mortgage market history.
