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Surveillance: Fed Cuts with Ausenbaugh

Bloomberg Surveillance

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The Role of Variable Rates in the Housing Market

We saw prices fall at the fastest pace going back to 2009. Would that be what we would see in the US if we weren't shielded by a 30-year mortgage rate? Absolutely. People just sit and wait. I think this whole process is going to take time, as opposed to a few years rather than a few quarters.

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