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Mortgage applications up 112.1 last week, due to 0133 - 7 hours ago - Many borrowers missed an opportunity to take advantage when rates dropped sharply for a brief period when the GSEs were placed under conservatorship, said Orawin Velz, associate vice president of economic forecasting for the association. 0133 : Marketwatch

WRAPUP 1-Fed official Buying U.S. debt could help economy - 4 hours ago - CHARLOTTE, N.C., Dec 3 Reuters - A senior Federal Reserve official said on Wednesday purchases of government debt might be useful to spur economic growth or halt a deflationary spiral when interest rates are low, while a Fed survey showed 0133 : FXStreet.com

Treasury Eyes Plans to Lower Mortgage Rates - 4 hours ago - The Treasury Department is considering plans being pushed by trade groups to intervene directly into the mortgage market to dramatically force down rates and stimulate the moribund housing market, according to idustry sources familiar wih 0133 : Washington Post

WaMu Told Washington That Adjustable Rate Mortgages Were Safer 0133 - 12/1/2008 - The Associated Press says that a review of regulatory documents shows that years before the subprime mortgage crises developed into a full blown economic meltdown the government ignored warnings and listened instead to lobbyists who 0133 : Consumerist.com

Bank seen slashing rates to 2 percent - 3 hours ago - LONDON Reuters - The Bank of England could slash interest rates to their lowest in more than half a century later on Thursday amid mounting evidence the rapidly sinking economy may be heading for a full-blown depression. Policymakers had 0133 : MSN UK News

Treasury Considers Plan to Stem Home-Price Decline - 5 hours ago - WASHINGTON The Treasury Department is considering a plan to revitalize the U.S. housing market by reducing mortgage rates for new loans, according to people familiar with the matter. Henry Paulson The plan, which is in the development 0133 : Wall Street Journal

US rescue plan to push down home loan rates - 3 hours ago - The US Treasury is working on a new plan to help revive the ailing housing market by reducing mortgage rates on new home loans, according to people briefed on the situation. The plan, which is at preliminary stages and could change, would 0133 : Financial Times

UPDATE 2-US working on affordable mortgage plan-sources - 3 hours ago - WASHINGTON, Dec 3 Reuters - The U.S. Treasury Department is developing a plan to try to reduce mortgage rates on home loans to 4.5 percent on typical mortgages by expanding its purchases of mortgage backed securities, sources familiar 0133 : FXStreet.com