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Loan Modification
: Mortgage Lender Implode-o-Meter: Bond-market rout lifts mortgage cost
By Implode-Explode Heavy Industries
The Federal Reserve announced a $1.2 trillion plan three months ago designed to push down mortgage rates and breathe life into the housing market.
But this and other big government spending programs are turning out to have the opposite effect. Rates for mortgages and U.S. Treasury debt are now marching higher as nervous bond investors fret about a resurgence of inflation.
Full post as published by Mortgage Lender Implode-o-Meter on June 05, 2009 (boomark / email).
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