Fed drive to lower mortgage rates may fall short

The Federal Reserve's latest push to revive the economy this week had a key aim: Drive low mortgage rates even lower to strengthen the ailing housing market and help cash-strapped borrowers get out from under higher-interest loans.

But that attempt to throw a lifeline to struggling homeowners faces a stark reality: Despite historically low interest rates, the very people most in need of the kind of relief that could come from refinancing their homes have found it difficult to qualify.

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Felicia Sonmez 24 Sep, 2011

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Source: http://feeds.washingtonpost.com/click.phdo?i=cfa6d744394ec49ad029d0819a41d4f5
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