Asset decline, but no 'Grapes of Wrath' rerun

Commentary: 'Full-on emergency requires full-on response'

General financial and economic deterioration has helped mortgage rates to fall close to their lows, still fee-heavy, but a "four" in front.

The decline in all long-term interest rates is no mean achievement, days before the Treasury will auction $63 billion in longer-term paper — the cash volume the Treasury will need every two weeks this year.