Industry NewsMortgage

Fire sale should knock down bailout resistance

Commentary: Low point a signal that it's time to recover
Published on Mar 7, 2008

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by CareyBot

Mortgage rates spiked to 6.75 percent on Wednesday, only today sliding back into the 6.5 percent range (these rates with no loan fees). There is good reason to expect rates to fall back, and maybe a long way, but only in the context of effective intervention by federal authorities.

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