Ultralow Rates  ...  and No Housing Boom

Ultralow Rates??? ...??? and No Housing Boom
The Fed may, once again, move to make mortgages cheaper. So far, though, this traditional method for igniting home sales has fizzled

The Federal Reserve at its Sept. 20-21 meeting may act to push down long-term interest rates, which would lower borrowing costs on homes. Yet because of job insecurity, plus doubt that the housing market has hit bottom, sales have not responded to low mortgage rates.

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