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2012-09-19 — washingtonpost.com
The Federal Reserve took aim at the nation's wobbly housing market last week with its biggest stimulus action in two years, but that firepower is doing little to lower mortgage rates or make home loans more available for Americans.
Instead, banks are set to see a windfall since the Fed's actions will immediately lower the cost of issuing loans. It may take months or longer for benefits to trickle down to consumers source article | permalink | discuss | subscribe by: | RSS | email Comments: Be the first to add a comment add a comment | go to forum thread Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately. |