Fed Chairman Bernanke Speaks

  Bernanke sees moderate U.S. growth in 2010, ‘significant economic challenges to remain & the outlook for inflation likely to remain subdued for some time’.  Bernanke’s remarks on the economy were more detailed than recent statements by the policy-setting Federal Open Market Committee, but were similar in nature.  Bonds improved on the news which is good for mortgage rates.  Currently the 4.5% note is at 101.97 1:02 pm and we have seen little from the Lenders in terms of better rates.  Imagine that. 

Stay Tuned…

 

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