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Retail Sales Rise For 7th Straight Month; Mortgage Rates Worsen

If consumer spending is a keystone element in the U.S. economic recovery, a full-on rebound is likely underway. Tuesday, the Census Bureau released its national January Retail Sales figures and, for the seventh straight month, the data surpassed expectations. Last month's retail figures climbed 0.3 percent as total sales receipts reached an all-time high. It's good news for the economy which is scratching back after a prolonged recession, but decidedly bad news for people in want of a mortgage across the state of Washington. This includes home buyers and would-be refinancers alike. Because consumer spending accounts for the majority of the U.S.…
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