New York Economic Club

WeeklyBasis 10/15/07: 2 Week Outlook, Good Jumbo News

Conforming rates are even this week. Jumbo 30yr fixed rates are even and Jumbo ARMs are up by about .125%. In a speech tonight at the New York Economic Club, Fed Chairman Ben Bernanke said that cutting the bank-to-bank Fed Funds Rate by .5% and the Fed-to-bank Discount rate by 1% since August has helped