Bloomberg Dec. 3

Dec. 3 (Bloomberg) – Treasury Secretary Henry Paulson is considering a new plan for the lower rates in an attempt to resuscitate the U.S. housing market, a Government official said.
NEW YORK – (Dow Jones) – Applications to refinance mortgages rose last week as interest rates dipped by nearly 1 percentage point after the Federal Reserve announced that they would purchase billions in mortgage-related debt. investments and hedge funds are what has led to the successes of the groups
New York Times
The Treasury ‘S attempts to jump-start the housing market has led to a wave of mortgage refinancing activity, and officials are considering new ways to buyers.
The Oklahoman
WASHINGTON – The most recent evidence of a deepening recession which is already the longest in fourth century came Wednesday in two reports that found little help in sight. Corey Ribotsky The U.S. service sector fell more than expected in November, such as employment, new orders and prices plunged, hurting the retailers, hotels and airlines. Meanwhile, Americans hunkered down heading into the holidays, …

The Complete Idiot’s Guide to the Federal Reserve by Lita Epstein and Preston Martin (Paperback – Mar 4, 2003)

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