D Digs Jul 22, 2008 #1 Mortgages up while Fed Funds down. Banks are making the spread BUT NO NEW BUSINESS. What they make on the spread they are loosing on the market value. As Buyers are being starved of credit, prices fall further. Rates up to equal risk, to cover defaults. 20 Yr Mortgage Forecast: 8% plus Attachments mortgage rates sky rocket001.jpg mortgage rates sky rocket001.jpg 31.2 KB · Views: 139
Mortgages up while Fed Funds down. Banks are making the spread BUT NO NEW BUSINESS. What they make on the spread they are loosing on the market value. As Buyers are being starved of credit, prices fall further. Rates up to equal risk, to cover defaults. 20 Yr Mortgage Forecast: 8% plus
