Incentives Needed to Boost Housing, Miller Says

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Sept. 29 (Bloomberg) -- Jonathan Miller, chief executive officer of Miller Samuel Inc., talks about record-low U.S. mortgage rates and the need for incentives to boost the housing market. The average rate for a 30-year fixed loan dropped to 4.01 percent in the week ended today from 4.09 percent, Freddie Mac said today. The number of contracts to purchase previously owned U.S. homes fell 1.2 percent in August, the National Association of Realtors said. Miller speaks with Lisa Murphy on Bloomberg Television's "Fast Forward." (Source: Bloomberg)

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