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Rescue plan for US loan giants

US Treasury will plough billions of pounds into Fannie Mae and Freddie Mac to stem the crisis at America’s biggest mortgage firms.
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US mortgage rates rise

Any hopes of an early US housing Market recovery appear to have been dashed after a surge in US mortgage rates last week amid a sharp rise in Treasury market yields. This suggests that the Federal Reserve may raise interest rates later this year.
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Posted by
Marc Da-Silva
in Frank Nothaft, Freddie Mac, News on Tue 3 Jun 2008
(Page 1 of 1, totaling 2 entries)