Dude, Where's My Recession : Why Mortgage Rates Can't Find A Balance

By Dan Green of The Mortgage Reports

Posted: 18 Dec 2007 08:59 AM CST

What the Federal Open Market Committee did last week may not be as important as what it didn't do. It didn't lower the Fed Funds Rate by 0.500%, opting instead for a 25 basis point drop. Context is important here....