Why rate cuts won't fix the mortgage market (San Jose Mercury News)
Story date: 2007-09-24 05:55:03
Added on: 2007-09-24 22:34:37
WHY RATE CUTS WON'T FIX THE MORTGAGE MARKET Federal Reserve lubricates credit markets The Fed's unexpected move to cut short-term interest rates by a half-point last Tuesday injected capital into the locked-up credit markets and should ease rates on adjustable-rate mortgages.
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