Chuck Schumer

WeeklyBasis 2/4/08: Conforming Limits, Fed vs. Mortgage Rates

Fixed and ARM rates are about .125% higher since last Monday, but volatility continues, and rates have swung up and down as much as .375% on individual trading days. Last week, the Fed continued its commitment to “reduce tensions in bank lending” (as opposed to being a slave to markets as some claim) by cutting