"Mortgage rates fell to their lowest level since October," said Sam Khater, Freddie Mac’s chief economist. "Purchase application activity is improving as borrowers take advantage of the decline in mortgage rates."
Similar to what B Franks was saying as the General Accounting Rep was warning the Housing and Oversight Committee that Housing was in trouble. Congress wasn’t worried about money….since the Government and Congress has always managed the GSEs in an efficient manner and provided housing at a great expense (maximum value) to taxpayers.
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