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Daily Market Update 1/13/09

Mortgage rates were little changed Tuesday ahead of tomorrow’s Retail Sales report for December. In a much-anticipated speech at the London School of Economics, Fed Chairman Ben Bernanke appeared to endorse the purchase of troubled assets with the remaining $350 billion TARP funds, as originally intended. In economic news, November’s Trade Deficit fell more than expected on declining oil prices. Stocks were mixed.

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