An economic Manhattan Project
Commentary: Conventional weapons can't fix financial mess
By Lou Barnes, Friday, January 23, 2009.
Image courtesy nuclearweaponarchive.org.Long-term rates rose this week, mortgages up to 5.25 percent even with a 1 percent origination fee. Refinance demand, fear of massive sales of Treasury bonds ahead, and a new banking freeze combined to do the damage.
Refinance demand is big, but not comparable to 2003. Yes, the industry is 75 percent smaller, but this time only the very best applicants have access to good rates.
more...
Premium Member account.
Premium Members have full access to all news archives.
Buy Now Purchase 1-year Premium Membership - $149.95
OR
Buy Now Purchase Monthly Premium Membership - $19.95
All rights reserved. This article may not be used or reproduced in any manner whatsoever, in part or in whole, without written permission of Inman News. Use of this article without permission is a violation of federal copyright law.
Bookmarking Sites
