ST Alpha - "haha: "Easier financial conditions will promote economic growth. For example, lower mortgage rates will make housing more affordable...." (Reading a Post)

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haha: "Easier financial conditions will promote economic growth. For example, lower mortgage rates will make housing more affordable....

Posted by x (aka dmuck) Dec 8 '10, 06:45

and allow more homeowners to refinance."

--Ben Bernanke, Nov. 4 2010.

but just one lonely month later, prevailing mortgage rates are running about 100 points *higher* than when helicopter ben set down those immortal words

attaboy, bernanke. way to read those tea leaves (is.gd)

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haha: "Easier financial conditions will promote economic growth. For example, lower mortgage rates will make housing more affordable....

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