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09/08/07
Credit woes hurt housing most
Filed under: General, Real Estate
Posted by: Lillian Wong @ 2:38 pm

WASHINGTON - A painful credit crunch is taking its worst toll on the already ailing housing market, while its impact on the rest of the economy so far seems limited, the Federal Reserve reported Wednesday. Both Wall Street and Main Street have anxiously awaited the Fed’s survey of business conditions for clues about what the central bank will do regarding interest rates on Sept. 18, its next regularly scheduled meeting.  More…

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