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Housing / Mortgage Rates #1008255

CBS Evening News for Thursday, Sep 29, 2011
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(Studio: Scott Pelley) The drop in the national average mortgage rate and the rise in refinancing applications cited.

(Aurora, Illinois: Cynthia Bowers) The cruel paradox in that the homeowners who could benefit the most from the lower mortgage rate can’t qualify examined. [Homeowner Don CHEKAZIAN‡- comments.] [Mortgage banker Amir SYED††- comments on the small group whose home values have stayed in place and haven’t lost their jobs.] [Homeowners Jackie and Juan CAMACHO‡- comment on their situation.]

Reporter(s):
Pelley, Scott;
Bowers, Cynthia
Duration:
00:02:40

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