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3 quick takeaways from the mortgage conference happening right now

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Fed's low rates are key to housing recovery

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Nobel Prize-winning economist Paul Krugman said the Federal Reserve must keep interest rates low to sustain the U.S. housing recovery.

“We have the beginnings of a housing recovery, it’s just starting to kick in," the Princeton University economics professor said. "If the Fed were to raise rates, they would kill that."

Source: Bloomberg
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