Mortgage Rates as ‘Good as It’s Going to Get,’ Koskinen Says

Mar 27th, 2009 - Bloomberg

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March 27 (Bloomberg) -- Mortgage rates are “probably asgood as it’s going to get” and the housing market is likely torebound sooner than some forecasts, Freddie Mac interim ChiefExecutive Officer John A. Koskinen said.

“Mortgage rates, if they go down at all further, it’sgoing to be incremental,” Koskinen told reporters today inWashington after he met with President Barack Obama. “Interestrates are probably close to bottoming out, and therefore we aretelling people” to buy.

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