Chris Rupkey on Mortgage Rates, Housing Market

Aug. 23 (Bloomberg) -- Chris Rupkey, chief financial economist at Bank of Tokyo-Mitsubishi UFJ, talks about the impact of rising mortgage rates on the U.S. housing market. Sales of newly built homes declined 13.4 percent to a 394,000 annualized pace, the weakest since October, Commerce Department reported from Washington. (Source: Bloomberg)
Likelihood of Fed Move Higher Than Perceived: Jakobsen
11:22 - The likelihood of the Federal Reserve going ahead with an increase in interest rates is "much higher than most people perceive it to be," according to Steen Jakobsen, chief investment officer of Saxo Bank A/S. He spoke in an interview with Bloomberg Television's Jonathan Ferro on "On the Move." (Source: Bloomberg)
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