High mortgage rates sting well-qualified borrowers

08/21/2008 | Bloomberg

Well-qualified borrowers are feeling the sting from a decline in mortgage-bond prices as U.S. interest rates remain high. The prices could also cancel out specific measures by the Federal Reserve and the Treasury Department to bring down mortgage rates. "New home buyers are going to have to get credit at reasonable terms for the decline to stop," said Christopher Mayer, a real-estate professor at Columbia University.

View Full Article in:

Bloomberg

Published in Brief: