Tight lending remains elephant in room

Federal Reserve Chairman Ben Bernanke's extraordinary speech on Monday instantly knocked 10-year Treasurys below 3.35 percent, where they have stayed. Lowest-fee mortgages are 5 percent.

Economic data increased the tilt in markets toward concern for the recovery. Retail sales flattened to a 0.2 percent gain in October (ex-autos), breaking an apparent up-trend. New claims for unemployment insurance were unchanged at 505,000 last week, but held improvement from early fall.

more...

To continue reading sign in to your 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.