http://www.mortgagenewsdaily.com/12042008_bernanke_buying_mortgages.aspFederal Reserve Chairman Ben Bernanke said market failure is inhibiting loan modifications and that the Fed may start buying securities to help drive down the mortgage rate. Speaking about the housing market at a conference organized by the Federal ReserveenCommunityServer 2008 SP2 (Build: 31106.96)http://www.mortgagenewsdaily.com/12042008_bernanke_buying_mortgages.asp#35693Thu, 04 Dec 2008 17:01:42 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:35693Updedubswill this have any short term effect on mortgage rates? or will that only happen once a definitive plan is laid out?<div style="clear:both;"></div><img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=35693" width="1" height="1">