The credit crunch won’t be over until home values stop tanking, and that won’t happen until mortgage rates are low enough to attract new buyers.
Considering that mortgage rates are at their yearly highs since the early 2000s (according to Bankrate data), and that the Fed has nearly exhausted it’s toolbox of financial instruments to [...]

The Fed’s attempts at thawing the frozen mortgage lending industry have not yet showed any signs of hope. In fact, during the last few months while the Fed has been cutting interest rates from 5% to 2.50%, mortgage rates have actually inched up over 10% from their monthly lows!
There are a lot of news [...]