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    Michael Faulkender warns mortgage rate spike stalls US home sales

    The Bottom Line · FBN · Aired Fri, Oct 9 · 2m 31s
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    Host Dagen McDowell talks with former Deputy Treasury Secretary Michael Faulkender about rising mortgage rates reaching a three-year high of 7.4% and stalling U.S. home sales. Faulkender highlights the need to cut regulatory construction costs and establish federal fiscal discipline to lower bond yields and mortgage rates.