| Jun 7, 2011 3:40PM The gloomy picture painted by The State of the Nation's Housing report released yesterday by Harvard's Joint Center on Housing Studies has but one bright spot - the improving rental housing market. On virtually every other level it appears that a housing recovery is still months if not years away. Rather than leading the country out of the recession as it has done in prior downturns, the housing industry is holding back economic growth. The report details a number of housing areas where, rather than... Jun 7, 2011 6:05PM Mortgage rate watchers were reminded once again today of the threats they face when floating a loan on a shortened timeline. Although consumer rate quotes were able to recover from early morning weakness, just like they did yesterday, home loan borrowing costs have failed to make positive progress since "The Wall" came crashing down last Friday. The positive big picture tone in the bond market has been put on pause. We believe this stubborn behavior is factor of "debt auction concessions". CURRENT...
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