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Treasury weighs plan to rescue housing sector: report (AFP via Yahoo! News)
The US Treasury Department is considering a plan designed to push down interest rates for home loans in a bid to revive the country's troubled housing sector, newspapers reported Thursday.
U.S. working on affordable mortgage plan: sources (Washington Post)
WASHINGTON (Reuters) - The Treasury Department is developing a plan to try to reduce mortgage rates on home loans to 4.5 percent on typical mortgages by expanding its purchases of mortgage backed securities, sources familiar with the plan said on Wednesday.
Australia Stocks, Japan Futures Rise on Home Loans, Rate Cut (Bloomberg)
Dec. 4 (Bloomberg) -- Australia shares and Japan futures rose after U.S. mortgage applications increased by a record and New Zealand’s central bank cut interest rates to boost growth.
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