Things are going from bad to worse in the mortgage market right now as the Fed sits on the sidelines still. Rates today are moving above 5.5% and inching back toward 6%. The markets seem to me goading the Fed to do something. We’ll see how the Fed reacts shortly.
Comments Off on Mortgage rates drive even higher as spooked markets wonder what Fed will do Posted by G.R.A. Admin on Monday, June 8th, 2009