Greenspan words lower mortgage rates - 2004-02-12
Mortgage rates decreased this week as the home financing market awaited testimony from Fed chairman Alan Greenspan, which forecasts further economic growth amid tame inflationary pressures.

The average rate on 30-year fixed-rate mortgages fell to 5.66 percent in the week ending Feb. 13, from 5.72 percent last week, with 0.7 of a point payable up front. The 30-year averaged 5.86 percent a year earlier.
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Greenspan-Fed seeks change in GSE overdraft policy - 2004-02-12
Federal Reserve Chairman Alan Greenspan declared on Thursday the central bank wants to terminate an overdraft policy for government-sponsored mortgage finance enterprises due to the large volume of funds changing hands.

The Fed makes payments to banks in the morning for securities issued by government-sponsored enterprises, including top U.S. mortgage finance companies Fannie Mae and Freddie Mac but does not get receipts until the end of the day, he said.
Read the full story at Reuters