McClatchy News: Fed cuts Key rates; World follows

Rather than the Fed having a personal relationship with each and every homeowner in America by taking over their mortgage---one of the key ways it can reduce costs is to lower lending costs, and assuming those lower lending costs are passed on to consumers, allow mortgage holders to refinance their homes to reduce their monthly expenses-----so.....let the refinancing begin.

Click on the post for the article in McClatchy News.