AgentIndustry News

Dramatic Fed cut would hike mortgage rates

Commentary: Bernanke must make choice as political pressure intensifies
Published on Jan 11, 2008

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by CareyBot

Long-term rates are unchanged this week, about the only things in finance that are. The 10-year T-note is still in the 3.80s, mortgages 6 percent, 5.875 percent, 6 percent. …

Two big speeches (Treasury Secretary Paulson and Fed Chairman Bernanke) and the demise of Countrywide overshadowed news of a steadily weakening economy and credit trouble spreading outward from mortgages.

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