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National Average		%	Change
30 Yr FRM		3.87%	0.00%
15 Yr FRM		3.16%	0.00%
1 Yr ARM		2.84%	0.06%
5/1 Yr ARM		2.82%	-0.01%
30 YR		3.16%	0.02%
Fed Prime		3.25%	0.00%

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Bernanke Says Full Economic Recovery More Than Two to Three Years Away

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Bernanke Says Full Economic Recovery More Than Two to Three Years Away

Federal Reserve Chairman Ben Bernanke said a full economic recovery is at least another two to three years away and that a low Fed rate will be in place for some time. During his semi-annual testimony before the U.S. Senate Banking Committee, Bernanke...

Published Tue, Feb 02 2009 10:12 AM by CEP News Feed

Filed under: economy, ben bernanke

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Mortgage Rates:

30 Yr FRM 3.88%
|
15 Yr FRM 3.25%
|
Jumbo 30 Year Fixed 4.14%

MBS Prices:

30YR FNMA 4.5 106-16 (-0-04)
|
30YR FNMA 5.0 107-30 (-0-03)
|
30YR FNMA 5.5 108-29 (-0-01)

Recent Housing Data:

Mortgage Apps -1.01%
|
Refinance Index 0.83%
|
NAHB Builder Confidence 16.00%

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