Feds to Bolster Housing Market as Crisis Grows President Bush will announce the administration's first steps to ease the subprime mortgage crisis, after more bad housing news this week: Mortgage rates are going up, and the number of unsold properties is rising. Some of the problems began when borrowers took on loans they couldn't repay.
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Hear Roger Lowenstein, author of The Origins of the Crash: The Great Bubble and Its Undoing

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Feds to Bolster Housing Market as Crisis Grows

Feds to Bolster Housing Market as Crisis Grows

Hear Roger Lowenstein, author of The Origins of the Crash: The Great Bubble and Its Undoing

  • Download
  • <iframe src="https://www.npr.org/player/embed/14075152/14075103" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript

The housing market seems to be on a downward spiral with mortgages becoming costlier, home prices falling in some areas, and the high number of unsold properties on the market. Borrowers went in to loans trying to stretch the amount they could pay. Roger Lowenstein, author of The Origins of the Crash: The Great Bubble and Its Undoing, speaks with Steve Inskeep.