Experts are divided on U.S. shutdown of mortgage-market support

01/25/2010 | Washington Post, The

In two months, the U.S. government is scheduled to shut down its program that has been driving down interest rates on home mortgages. Many in the housing industry and a few officials said it is too soon to withdraw support for the mortgage market. "Mortgage rates are the lifeblood of the housing market, and we have cautioned the [Federal Reserve] about the sudden stoppage of this program," said Lawrence Yun, chief economist for the National Association of Realtors.

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