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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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