The Real Deal Miami

Will mortgage rates turn housing around?

March 25, 2009 03:30PM

With mortgage rates at historic lows, CNBC talks to Susan Wachter of Wharton Business School and Howard Glaser, a mortgage industry consultant, about whether there will be a springtime recovery in the housing market. Wachter said the economy still needs to turn around before the housing market really improves. Glaser said the money the federal government has been pumping into the system has gotten stuck at the level of the major banks and isn’t trickling down to consumers.