There has been a lot written over the past week about the financial markets and how the situation is being handled. This is a linked post from The Mortgage Reports – Daily.
"Monday, Wall Street made its verdict in the case of Government vs The Credit Markets, a knock-down, drag-out fight that may have ended last Friday.
Government wins, but not without inflation.
To an economist, inflation is the general increase in the price of
everyday goods and services that occurs over time. It’s an accurate
description, but in the context of the government’s actions of the last
two weeks, we can get a better sense of what’s impacting mortgage rates
if we take that definition and reverse it…."
Click here to read the complete post.
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