Bailout's Early Impact? Mortgage Rates Jump

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So we have "fixed" the banking crisis but at the expense of the economy. These higher mortagte rates will certainly cause significant problems with a recovery in forclosures, housing and the economy in general. Will the government subsidize mortgage rates as part of stimulas plan? Maybe, now that they control Fannie and Freddie in addition to FHA and VA. I think it is a better idea than giving another cash give-away which is on the books now...

Mark Peterson of OR 11:44AM October 17, 2008

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The Home Front

Associate Editor Luke Mullins tracks the treacherous housing market and explains how to unload a five-bedroom McMansion or even find that dream home.

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