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Home / News / St. Charles Business Record / Fed seeks lower mortgage rates as yields flatten

Fed seeks lower mortgage rates as yields flatten

The Federal Reserve's inability to narrow the gap between consumer borrowing costs and government interest rates is driving investors to the longest-maturity Treasuries. Central bank officials say they may buy Treasury debt, which helps determine rates on everything from mortgages to auto loans, to prevent borrowing costs from rising and delaying the economic recovery. Speculation that ...

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