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Why economists say we don't want mortgage rates to drop

On May 14, during his Keynote address at the Wasatch Back Economic Summit, Robert Spendlove made a surprising statement, offering that maintaining high mortgage rates is beneficial, especially here in Utah.

Robert Spendlove, Senior Economist with Zions Bank, expands on these thoughts.

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KPCW co-host and producer of Mountain Money
Mountain Money co-host, Local News Hour fill-in host and former board chair.