Fed preparing to end its mortgage-rate initiative

For more than a year, the government pulled out all the stops to revive homebuying by driving down mortgage rates.

Now, whether the housing market is ready or not, the government will be pulling out over the next two months.

The winding down of federal support for mortgage rates is a test of whether the Obama administration and the Federal Reserve have succeeded in jump-starting the housing market and ensuring it can hold its own.

Full story is availalbe on statesman.com

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