AgentIndustry News

Bernanke blind to mortgage market trouble

Commentary: Fed rate cut may not help situation
Published on Aug 31, 2007

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by CareyBot

The mortgage market is unchanged, credit available on old-fashioned agency terms and not much else. Rates are about the same, mid-sixes. For every tentative lender toe stuck back into scary water, another bather has run shrieking from the pool, or drowned. The same is true for general, nonmortgage credit: shrinking.

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