AgentIndustry News

Markets stall on housing questions

Commentary: Uncertainty rules recovery predictions
Published on Oct 15, 2007

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by CareyBot

Mortgage rates are about the same (6.5 percent); the defining 10-year Treasury market is about the same (at 4.65 percent defying several opportunities for higher); the stock market is about the same (globalized optimism); and the credit crunch is about the same.

Markets are stalled in the agonizing wait to know the compound damage done by the credit crunch and housing recession.