Fed Agrees to Purchase Bad Credit Securities and Keeps Key Interest Rates Near Zero

Fed Agrees to Purchase Bad Credit Securities and Keeps Key Interest Rates Near Zero
Federal Reserve committed to buy bad credit mortgage securities and treasuries if deemed effective; Fed says mortgage rates to remain low for “some time”; Fed ready to expand purchase of housing debt by buying or insuring defaulted home loans.


Watch the Mortgage Financing Analysis by Richard Dekaser of National City Bank.

Leave a comment

You must be logged in to comment.