Dramatic Fed cut would hike mortgage rates

Commentary: Bernanke must make choice as political pressure intensifies

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

Long-term rates are unchanged this week, about the only things in finance that are. The 10-year T-note is still in the 3.80s, mortgages 6 percent, 5.875 percent, 6 percent. …

Two big speeches (Treasury Secretary Paulson and Fed Chairman Bernanke) and the demise of Countrywide overshadowed news of a steadily weakening economy and credit trouble spreading outward from mortgages.