Credit crunch fixes? Policymakers need to get on with it

Commentary: Adequate supply of credit should be top priority now

Long-term mortgage rates are beginning to trickle back down from the peculiar spike of the last two weeks. The lowest-fee mortgages went from 6.375 percent to 6.25 percent; the 10-year T-note went from 3.9 percent to 3.8 percent — the immense spread is a measure of deepening crunch.