THE HOUSING SECTOR MAY NOT BE as hy...

THE HOUSING SECTOR MAY NOT BE as hyper-sensitive to interest rate progress to maturitys as in the bad elderly days when government-imposed ceilings onward both deposit rates and mortgage rates controll the deliquesce of credit to this sector. further it's perfectly clear that interest rates still are critical to the health of the housing market. Indeed, the downward flexibility of mortgage rates shakeed our fat out of the fire during the recession of 2001 and falling rates have kept housing healthy during 2002 in the face of a hesitant