Fact and Comment

Forbes, Steve
December 2008
Forbes Asia;12/22/2008, Vol. 4 Issue 22, p13
The article reflects on the measures taken by the U.S. administration and the Federal Reserve Board with regards to mortgage interest rates. It opines that administration's decision to spend more than half a trillion dollars buying up mortgages will help to lower mortgage interest rates. It comments that the cut in mortgage rates would help to revitalize the economy and homeowners would soon rush to refinance existing mortgages which would increase the value of housing assets.


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