Heard during recent testimony by Treasury Secretary Henry Paulson to the House Financial Services Committee, regarding community banks’ role in the proposed bailout:
Paulson: “This is something we haven’t communicated so clearly about the program.” Frank: “There’s a lot of that going around.”
An often misguided premise I see on social media is that lower mortgage rates are doing nothing for housing demand. That’s ok — very few people are looking at the data without an agenda. However, the point of this tracker is to show you evidence that lower rates have already changed housing data. So, let’s […]
