Mortgage rates fall after Bernanke's speech

Fed chief says economy is 'moderating,' but outcome may be worse

Get Smarter. Grow Your Referral Network.
Limited seating available for Inman Connect San Francisco

The 10-year T-note is again falling toward 5 percent, and has taken low-fee mortgage rates to 6.75 percent.

Newspapers today say that “mortgage rates rose” this week, but this factoid is based on Freddie Mac’s bone-headed method of early-week survey and delayed (Thursday) release.