Chris Rupkey on Mortgage Rates, Housing Market

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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)

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