Topic: Michelle Meyer
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Mortgage rates at record lows. Will that finally lift US housing market?
Record-low interest rates on mortgages are one outcome of debt-ceiling deal. But they are just one piece of recovery for the housing market, which is beset by falling prices and high jobless rates.
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Too much mortgage debt? Here, have another loan.
You don't need to worry about the recovery. Because there isn't one.
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Home sales slide in March
Sales of existing homes fell 3 percent from February to March, but activity with lower-priced units may be picking up.
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