(Adds quotes, background)
Story date: 2008-01-29 09:40:00
Added on: 2008-01-29 10:49:41
Reuters - ... 29 (Reuters) - The U.S. housing market is showing the early makings of a mortgage ... The Federal Reserve's action to slash short-term U.S. interest rates last week ... target rate by three-quarters of a percentage point to 3.50 percent, the lowest ...
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