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Treasury Eyes Plans to Lower Mortgage Rates - 1 hour 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

Mortgage applications up 112.1 last week, due to drop in 0133 - 3 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

James, Cavaliers rolling - 6 hours ago - INDEPENDENCE AP While he teases New York's voracious media and desperate Knicks fans about his free-agent future, LeBron James and his current team have become an NBA powerhouse. The Cleveland Cavaliers are rolling like never before. 0133 : Crescent-News

Treasury May Seek to Cut Mortgage Rates Report - 2 hours ago - The Treasury Department may press for a plan to lower mortgage rates on new home loans, according to a report published Wednesday. The Wall Street Journal , citing people with knowledge of the situation, said the plan would use mortgage 0133 : Street.Com

Fixed-rate trap snares 43,000 home owners - 1 hour 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 - 1 hour 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 : FXStreet.com

Delahunt, Hodes seek more aid for homeowners - 3 hours ago - WASHINGTON Two Democratic House members from New England have introduced legislation that would allow the government to force some mortgage lenders to renegotiate loans for homeowners facing foreclosure. Representatives William Delahunt 0133 : Boston Globe

Mortgage Applications Up, But Are They 'Real'? - 3 hours ago - It should come as no surprise to anyone that mortgage applications would surge last week, after the Fed announced it would buy GSE debt and mortgage-backed securities. Interest rates on the 30-year fixed dropped nearly a full percentage 0133 : CNBC