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The Mortgage Bankers’ Association purchase index was released at 7:00 AM EST, and there was a week to week decrease of 6.1% in the Purchase Index and a week to week decrease of 6.5% in the Refinance Index.

The Challenger Job-Cut Report will be released at 7:30 AM EST, providing an estimate of the number of layoffs in February.

At 8:15 AM EST, the ADP Employment Report will be released.  Investors will be watching this number to get advance notice on the state of the job market in advance of the government’s report on Friday.

At 10:00 AM EST, Federal Reserve Chairman Ben Bernanke will give his semi-annual monetary policy report to House Financial Services Committee.

At 10:30 AM EST, the weekly Energy Information Administration Petroleum Status Report will be released, giving investors an update on oil inventories in the United States.

At 2:00 PM EST, the Beige Book report will be released, giving us more information about economic conditions in each Federal Reserve district in advance of the next Fed meeting.

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