Housing

Ultralow Rates  ...  and No Housing Boom

By on September 15, 2011

Housing

Ultralow Rates  ...  and No Housing Boom

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.

Kolet is a reporter for Bloomberg News.
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