Despite Fed cut, mortgages now more expensive

Commentary: Did Bernanke make the right move?

The premier event for luxury agents and brokers
Luxury Connect | Oct. 16-18 | Beverly Hills

As incredulous clients are learning, mortgage rates are higher now than last week, back up to 6.5 percent for vanilla 30-year. Yes, higher. (“Sonny, you should be ashamed to try to trick an old lady! I still read the newspaper!