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June 02, 2007

Some rein in spending once fueled by home

Arizona Daily Sun - As prices rose and interest rates fell, Americans extracted trillions of dollars in extra cash through home sales, mortgage refinancings and home equity loans. Homeowners gained an average of nearly $1 trillion a year in extra spending money from 2001 ...

From Some rein in spending once fueled by home

Posted by Doug at June 2, 2007 03:12 PM