Fed's new moves

The original announcement caused a dramatic move but since then yields have been drifting up, every day, including today. Rates are already very low. And the huge amount of increased federal borrowing is a potential serious problem for lowering rates. And potentially an even more serious problem is foreign investors deciding the yield does not provide a good investment given the risks of inflation . It will be interesting to see what happens with rates.

For more, pls see http://latimesblogs.latimes.com/money_co/2009/03/mortgage-refi-h.html