Fall in Home Loans Pushing Fed Away From Taper in Mortgage Bonds

Federal Reserve policy makers, while considering today whether to taper $85 billion in monthly bond buying, confront a drop in demand for home loans that argues against a cut to their mortgage bond purchases. A surge in mortgage rates to two-year highs has undercut borrowing, pushing down refina…

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Fall in Home Loans Pushing Fed Away From Taper in Mortgage Bonds

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