Transcript: How Low Can Mortgage Rates Go?

STEVE INSKEEP
NPR Morning Edition
03-23-2009
How Low Can Mortgage Rates Go?

Host: STEVE INSKEEP
Time 11:00-12:00 PM


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STEVE INSKEEP, host:

If you need a mortgage, here's your chance. Rates fell last week after the Federal Reserve said it would buy well over $1 trillion in mortgage-backed securities and long-term treasury bonds. These moves were intended to get credit flowing. NPR's Yuki Noguchi has this report on what the analysts are forecasting.

YUKI NOGUCHI: The last time we had a stretch when rates on your standard conforming 30-year-fixed mortgage at below 5 percent was about a half century ago. But then, last week, rates hit four and three-quarters. Tom Lawler is an ...

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