Fed moves to bring down interest rates on mortgages, consumer loans (Newsday)

May 13th, 2010 | by DebtFree.net |

The agency’s announcement that it will buy $1 trillion in debt could lower home-loan rates by a full point and stimulate the housing market, economists say. Escalating the government’s already aggressive effort to revive the struggling economy, the Federal Reserve said Wednesday that it would spend an additional $1 trillion to bring down interest rates on home mortgages and other business and …
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