Mar 18th, 2009 - Reuters
NEW YORK (Reuters) - U.S. 30-year fixed home loan rates on Wednesday slid by as much as 3/8 percentage point to about 5 percent, nearing record lows, after the Federal Reserve more than doubled its planned purchases of mortgage-related securities.
The Fed announced "a shopping spree that would make Donald Trump blush," said Bob Walters, chief economist at Quicken Loans in Livonia, Michigan, which already cut the mortgage rates it offers by 1/4 to 3/8 point.
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Fed to buy Treasuries to boost economy; dollar hit
Mar 19th, 2009 - Reuters
WASHINGTON (Reuters) - The U.S. Federal Reserve said it will start large-scale buying of government debt as part of an extra $1 trillion injection into the ailing economy...
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