Loans Cheap but Difficult to Negotiate

Summary


Last week's meeting of the Federal Reserve Board of Governors suggested that mortgage rates might remain low. In

August, I wrote a column suggesting the same thing but cited recent gloomy economic reasons for low rates.

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Loans Cheap but Difficult to Negotiate

I'm no economist, but the basic premise is that slow economic growth leads to weak spending, which leads to weak hiring, which leads to high unemployment, which completes the vicious circle because h...

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