CNBC - Federal moves may not help market

CNBC's Steve Liesman discusses the recent increase in interest rates
and its impact on home sales. Federal officials say the
administration's plan to purchase mortgage-backed securities is
intended to shore up the credit markets. Mark Zandi, chief economist
of Moody's Economy.com, said rising mortgage rates are hurting the
refinancing market and home sales. But the federal measures may not be
enough to impact the market, opponents say. For more information please click on the link provided: http://www.cnbc.com/id/15840232?video=1136229031&play=1

Category:

News & Politics

Tags:

• CNBC
• Steve Liesman
• Mark Zandi
• interest rates
• home sales
• mortgage-back securities