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Woes Afflicting Mortgage Giants Raise Loan Rates

nytimes.com — The troubles at Fannie Mae and Freddie Mac could deal another blow to the housing market, as higher interest rates make it harder to refinance existing debts.

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  • edstate, on 07/23/2008, -0/+2Yes. Then, maybe, housing prices in NYC will get to pre-bubble levels.

    / fingers crossed, incantations mumbled...
  • inactive, on 07/23/2008, -1/+1we're already in a recession! this doesn't help

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