A little off topic, but what’s going on with mortgage rates? Fannie and Freddie debt would seem to be rocketing upwards, yield-wise. Has this all happened since the Congress increased the conforming limits?
Bloomberg now has a 30-year fixed benchmark of 6.08, whereas 1 month ago it was 5.47, 3 months ago 5.89, 6 months ago 6.17 (start of credit crunch), and 1 year ago 5.75.
