Fed Flummoxed by Mortgage Yield Gap Refusing to Shrink: Economy

Record-low mortgage rates aren’t cheap enough for Federal Reserve Chairman Ben S. Bernanke as he tries to spur economic growth and create jobs. Policy makers are disappointed that lower yields on mortgage-backed securities haven’t led to more savings on home loans after the Fed expanded its bala…

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Fed Flummoxed by Mortgage Yield Gap Refusing to Shrink: Economy

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