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How High Will U.S. Mortgage Rates Go?
Housing finance reform enters a critical phase this week, as the Senate Banking Committee considers the Johnson-Crapo reform legislation. A key question for all reform proposals, including this one, is how they will affect mortgage rates. Late last week, the Federal Housing Finance Agency released a range of cost estimates for the Johnson-Crapo legislation, provided by Fannie Mae and Freddie Mac. I thought these worthy of comment, given the importance of the issue as the Senate takes up the bill.
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