18
Feb

How the new Stimulus Bill indirectly lowered mortgage rates

The American Recovery and Reinvestment Act of 2009 was signed into law Tuesday in Denver, Colorado.  Also Tuesday, stock markets fell near their November 2008 lows.  The two moves are related.  With each new stimulus; with each potential jumpstart of the economy, Wall Street questions whether the federal push will be enough to make an impact…
 
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