Industry NewsMarkets & Economy

Budget plan strands financial stability

Commentary: Yes, we can do better
Published on Feb 27, 2009

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by CareyBot

A strange week, with some encouraging and some not-so-encouraging moments -- on balance, more uncertainty at the end than the beginning.

Mortgage rates rose to just above 5 percent, but we have made that trip up several times after a high-four bottom and then dipped again. The Treasury market was more worrisome: The 10-year jumped to 3 percent upon confusion in the financial rescue and release of President Obama's budget.