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Will mortgages drop below 4%?
Thursday, December 11, 2008
WASHINGTON — Government efforts to provide easier credit to consumers and help housing financiers could push mortgage rates "well below 4 percent," a federal regulator said Wednesday.
James Lockhart, whose agency oversees Fannie Mae and Freddie Mac, did not say how long it would take to achieve such a drop.
Lockhart made the comments at a meeting of Women in Housing & Finance.
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