All Commentary
Tuesday, January 17, 2012

Mortgage Rates Fall to New Low

“Fixed mortgage rates fell once again to a record low, offering a great opportunity for those who can afford to buy or refinance homes. But few are able to take advantage of the historic rates…. Mortgage rates are lower because they track the yield on the 10-year Treasury note, which fell below 2 percent. They could fall even lower this year if the Fed launches another round of bond purchases, as some economists expect.” (Christian Science Monitor)

Attempting to reinflate the bubble.

FEE Timely Classic
“Blowing Bubbles: Getting Ready for the Next Bust” by Richard W. Fulmer