Archive for the ‘Housing’ Category

Bye-Bye Refi?

August 16th, 2013

After wiggling around in the 1.5% to 2% range over the past year, the yield on the 10-year Treasury bond is now in the mid-twos and higher, closing at 2.7% today.  There are numerous reasons for this, including the specter of the Federal Reserve beginning to taper its asset purchases next month, a possibility that… Read more

Tapping the “Hardest Hit Fund” to Help Detroit

August 4th, 2013

The New Yorker’s John Cassidy and I are on the same page re ways in which Washington could and should help Detroit.  I don’t see a federal bailout forthcoming, but, like Cassidy, I’ve stressed that the federal government should …help with the tasks of downsizing and of rebuilding roads and schools, and taking other measures… Read more