Housing still far from hitting bottom

Mortgage market commentary

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Luxury Connect | Oct. 16-18 | Beverly Hills

Good economic news all week long had mortgage rates headed for an up-side blowout until rescued by today’s word of zero change in November’s Consumer Price Index. Do not be misled: for long-term mortgage rates to hold near 6 percent — let alone decline further — the economy has to sink, and that is not what it is doing.