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Treasury Eyes Plans to Lower Mortgage Rates - 7 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

U.S. Eyes Plan to Lift Home Sales - 6 hours ago - WASHINGTON The Treasury Department is considering a plan to revitalize the U.S. home market that would push down mortgage rates for home loans, according to people familiar with the matter. The plan, which is in the development stage, 0133 : Wall Street Journal

US working on affordable mortgage plan - sources - 45 minutes ago - WASHINGTON 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 with the 0133 : Reuters India

Capital One to Acquire Chevy Chase Bank - 1 hour ago - Capital One , a leading credit card company, plans to announce today that it will buy Chevy Chase Bank , a landmark Washington financial firm with branches throughout the region, according to sources familiar with the matter. The deal would 0133 : Washington Post

Fixed-rate trap snares 43,000 home owners - 7 hours ago - Like all gambles there are winners and losers, says Chris Zinn from Choice. MORE than 40,000 unlucky people have been caught out in a fixed mortgage rate trap, having taken out their loan at the highest fixed interest rates in a decade, 0133 : Sydney Morning Herald

UPDATE 1-US working on affordable mortgage plan-sources - 7 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 a 30-year mortgage by making fresh investments in those assets, sources familiar with the plan 0133 : Reuters

Asian stocks rise despite more grim news - 1 hour ago - HONG KONG, Dec 04, 2008 AFP - Asian markets rose Thursday on the back of another rally on Wall Street despite more miserable news from the United States showing the world's biggest economy is in for a deep recession. Data released 0133 : Zawya.com

Housing market looks good - 2 hours ago - Minot's housing market is healthy and growing modestly, according to an independent real-estate market forecaster. Housing Predictor forecasts Minot will end the year with a 3.5 percent increase in sales prices, which is a good showing 0133 : Minot Daily News