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Home loan rate flat after Fed cut and headed lower (Reuters)

Started by riky, December 17, 2008, 05:03:27 PM

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riky

Home loan rate flat after Fed cut and headed lower
    (Reuters)

 


Reuters - An aggressive rate cut by the Federal Reserve on Tuesday did little to lower U.S. home loan costs, but the Fed's promise to expand a massive mortgage debt purchase program if needed should push rates down.


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