It will be very interesting

It will be very interesting to see how Obama and Benanke attack this issue as mortgage rate are going to have to be extremely low to get the housing market back in gear. If the low mortgage rates of March and April did not help to put a bottom in the housing market, there is absolutely no way that the rates of today, around 5.4%, are going to assist at all. Americans are already concerned enough about the housing market, the last thing we need to see if rates pushing towards 6%.

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