Treasury may set mortgage rates at 4.5% to boost sales

The measure is under consideration as part of the Treasury Department’s continued effort to limit foreclosures, which has been at the core of the financial crisis. The plan would seek to revitalize the financial market without bailing out homeowners and lenders, the Journal reported.

Mortgage Rates Drop On Stimulus News

NPR.org, November 25, 2008 · Treasury Secretary Henry Paulson said Tuesday that new programs totaling $800 billion are designed to help stabilize the nation’s financial system and support vital consumer spending.
 
Paulson said key markets for consumer debt, such as credit cards, auto loans and student loans, essentially came to a halt in October and that [...]