Mortgage Rates and the Fed - Get it Straight !

February 28, 2008 – 7:58 am

I can't decide what was more troublesome yesterday: the comically uninformed questions put to Big Ben regarding mortgage rates, or the comically inaccurate article printed by CNBC on the same subject. Whatever the case, the media is awash with analysts, experts, officials, and laypersons offering rather strong opinions on a subject about which they have such a painfully shallow understanding.

I'm more concerned with something that no one has really talked about yet: the lack of understanding of our mortgage problems...

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