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Mortgage News

The illusion of economic stability
The Fed has succeeded in holding down Treasury and mortgage rates, but that is the only clear accomplishment by government so far this year.
Reality trumps Wall Street 'glee'
This has been a strange week, marked by extreme divergence in evaluation of incoming economic data and disconnect between Main Street reality vs. Washington proclamation. Mortgage and Treasury rates were stable -- we no longer have markets, just the….
Money can buy end to 'spiral'
One week ago today, Henry Paulson announced that federal efforts had "stabilized the banking system." On Wednesday a new panic rolled through markets, running to Treasurys. T-bills 90 days and shorter fell to 0.01 percent, and the….
Starved credit wrecked housing, not vice versa
Mortgage rates have begun a decline from the irrational levels of the last month, now approaching 6 percent and says here likely to cross back into the fives.
Credit crunch fixes? Policymakers need to get on with it
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….

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