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US plan to curb mortgage rates falters


The US Federal Reserve’s efforts to drive mortgage rates lower by purchasing home loans have faltered and rates have risen over the past month.

The rise in rates is a disappointment to government officials, who had hoped that a steep fall in house prices and low financing costs would lure new buyers into the nation’s depressed housing market.

curb 制御する

falter つまずく,よろめく

lure 誘惑する

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