Salient to Investors:

The S&P/Case-Shiller index of property values in 20 cities rose 2 percent from August 2011, the biggest year-to-year gain since July 2010, a sign housing will help drive economic growth.

Anika Khan at Wells Fargo Securities said the modest momentum will continue.

The average rate on a 30-year, fixed-rate loan was at 3.41 percent last week.

Americans bought new homes in September at the fastest pace in two years, with demand up 27.1 percent from a year ago.

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