WASHINGTON — The mortgage market could lose vital support from Fannie Mae and Freddie Mac early next year if the Federal Reserve Board goes forward with plans to stop buying government-sponsored enterprise securities and debt.

The Fed plans to stop purchasing debt and mortgage-backed securities from Fannie, Freddie and the Federal Home Loan banks on March 31, with the likely result of steeper funding costs for the government-sponsored enterprises and higher mortgage rates for consumers.

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