jump to navigation

Bloomberg Gets Excited About Mortgage Rates May 23, 2013

Posted by geoff in News.

This is news?

“U.S. Mortgage Rates Rise, With 30-Year at a 2-Month High”

We had a record low last November – that was newsworthy because it was, like, an all-time record. And the fact that mortgage rates are increasing is certainly important. But it doesn’t seem worth reporting a “2-month high.”


1. Carlos - May 23, 2013

Well, it is to low-info voters whose attention spans exceed a gnat’s by about 2.4 seconds.

Might this be one of the reasons Dear Leader is still so popular with the soap-and-bon-bons crowd? Or maybe why the media is being accused daily of bias against anything that might make Dear Leader look even slightly bad?

2. thirdnews - May 23, 2013

I can’t think of why this is a headline but perhaps it signals a new strategy to coerce banks into loosening up credit for potential buyers? Despite the disastrous mortgage effect, hasn’t their been rumblings about favoring unqualified buyers?

Sorry comments are closed for this entry

%d bloggers like this: