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Have Economists Got It Wrong About The U.S.?

Posted by mortgage 109 days ago (Editorial)
Five years ago, Federal Reserve head Ben Bernanke said the housing sector wasn't a major economic concern. In fact, most experts failed to see the looming subprime mortgage crisis that sank the U.S. economy. If they were so wrong about the Great Recession, it's possible they could also be blind to a "Great Recovery."
In a recent "Ask Al" online chat at Philly.com, a reader posed the $64,000 question: What's the point of interest rates being as low as 3.9 percent when no lender seems all that eager to give you a mortgage, or to refinance the one you have?

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