Mortgage rates poised to jump as Fed cuts funds
February 19th, 2010
Mortgage rates poised to jump as Fed cuts funds Carolyn Said, Chronicle Staff Writer Monday, February 15, 2010
The Federal Reserve is poised to turn off a major money spigot that has helped sustain the ailing real estate sector, as an extraordinary program under which the Fed has pumped $1.25 trillion into the mortgage market is slated to end March 31.
"Housing has been on government life ...