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27 January, 09:13

What were the affects of the drop in housing prices in the late 2000s

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  1. 27 January, 09:19
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    Rates Are Lower

    Along with falling home prices, recessions tend to bring falling mortgage rates. The housing industry plays an important role in the economy. So, by lowering mortgage rates during a recession, the federal government hopes to buoy home sales by making it cheaper to borrow mortgages.
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