Industry NewsMarkets & Economy

Asset decline, but no ‘Grapes of Wrath’ rerun

Commentary: 'Full-on emergency requires full-on response'
Published on Mar 6, 2009

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by CareyBot

General financial and economic deterioration has helped mortgage rates to fall close to their lows, still fee-heavy, but a "four" in front.

The decline in all long-term interest rates is no mean achievement, days before the Treasury will auction $63 billion in longer-term paper -- the cash volume the Treasury will need every two weeks this year.