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Archive Home > 2009 > September > 24 > Fed slows pace of housing program

Fed slows pace of housing program


September 24, 2009

WASHINGTON — With the economy on the mend, the Federal Reserve on Wednesday said it is slowing the pace of a program to lower mortgage rates and prop up the housing market.

The Fed decided to stretch out its goal of buying $1.45 trillion in mortgage-backed securities and debt issued by Fannie....

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