Markets & Economy

The recovery depends on housing, and housing depends on mortgage credit

Commentary: Give thanks daily for the Fed and Fannie Mae
Published on Nov 1, 2013

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by CareyBot

The Shutdown has opened, but has been replaced by Stuck. Interest rates are stuck, the 10-year Treasury wandering north of 2.5 percent, and mortgages wandering south of 4.5 percent. Delayed September data is slow-side: factory production up 0.1 percent, retail ...