Dollars and Jens
Thursday, July 27, 2006
benign cycles

NEW YORK ( -- Mortgage rates retreated from a two-year high this week, brought down by signs that the economy is cooling, Freddie Mac reported Thursday.
My belief that no wide-spread housing crash is imminent is tied in with my belief that a slowdown will have a significant impact on the economy. Insofar as that connection is tight, a slowing economy keeps mortgage rates in check, which keeps demand from sagging too much.

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