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Bernanke gives home buyers a breather
The Wall Street Journal (online registration required): Mortgage rates have been rising since late spring, when Federal Reserve Chairman Ben Bernanke first announced the possibility of a reduction in the $85-billion-a-month bond-buying program. The Fed has been the primary purchaser of mortgage-backed securities since late 2008, creating constant demand for these products, which helped push mortgage rates to record lows.
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