2012-04-24mortgagenewsdaily.com

``"At the end of the day, this data is still weaker-than-expected," according to Kathy Lien, Director of Research GFT FOREX.  "We're still seeing a very sluggish recovery in housing and we will probably see the same in the new home sales report later today. Even though we had a modest uptick in prices, it's too soon to factor in acceleration in the housing market. So there's nothing here that will make the Federal Reserve more optimistic." ''



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