Detailed text transcripts for TV channel - FOXNEWS - 20120201:17:36:00
This? with us now, fox business network senior washington correspondent peter barnes. peter? >> reporter: hey, jon. maybe the taxpayers end up paying for some of this but listen, supporters say cutting the interest rates on mortgages for millions of homeowners would free up billions of dollars which consumers then could turn around and spend and maybe help the economic recovery. it would be like a big tax cut. >> i am sending congress a plan that will give every responsible homeowner in america the chance to save about $3,000 a year own their mortgage by refinancing at historically low rates. ...
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