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The end of the foreclosure crisis is finally in sight. For the first time
in almost three years, the number of homeowners falling behind on their loans
is declining.
The Federal
Reserve seems likely to keep interest
rates at record lows for several more months after news Friday that
consumer prices excluding food and energy fell in January.
Oil prices are again flirting with $80 a barrel after a two-week rally
fueled by promising economic reports and worries that troubles in Europe and
the Middle East could eventually tighten supplies. An extended surge in crude
prices will force gasoline and other fuels higher as well. Retail gas prices
already have started to increase this week, and experts predict the national
average will hit $3 a gallon this summer.
The Dow Jones industrial average rose 9.45, or 0.1 percent, to 10,402.35,
its highest finish in a month. The Dow is now down only 0.25 percent for the
year.
Information taken from Forbes magazine