lig-r.jpgEsta semana, los intereses de un mortgage estaban entre 5.24-6.13. Desde septiembre, los feds han bajado 3 puntos, pero el promedio de un préstamo para comprar casa ha bajado medio punto. Escribí sobre el capital de ‘ayuda’ para los bancos aquí y les dejo cómo el Banco de la Reserva ha llegado a donde nunca, bajando intereses y ofreciendo $$$ al sector financiero para aliviar la recesión.

Granger, premio Nobel de Economía, piensa que estamos en recesión desde hace cuatro meses y que podemos estar dos o seis meses más en estas ascuas… la luz al final de túnel dependerá del sector financiero y del mercado de casas…

De Bloomberg:

Lenders aren’t helping the central bank even after they’ve been given seven interest rate cuts and a new program designed to jumpstart borrowing.

…Fed policy makers have made seven rate cuts since September, shaving 3 percentage points off borrowing costs, and the effort has failed to spur a recovery. The average rate for a 30-year fixed mortgage dropped half a percentage point during that period.

Bank of America Corp., the second-biggest U.S. bank by assets, and JPMorgan Chase & Co., the third-largest, were offering a 30-year fixed rate of 6.13 percent on March 25 for borrowers in New Jersey who put down 10 percent of the purchase price and have the best credit.

The U.S. economy has been in a recession for about four months, according to Granger, who won the Nobel prize for his theories on economic data analysis. The economic contraction could last for an additional two to six months, depending on what happens in the financial and housing markets, he said.

Bernanke, chief regulator of U.S. commercial and savings banks, has no direct influence over fixed mortgage rates, Granger said.

“While Bernanke may be trying in private to use his power of persuasion, he really has remarkably little control over the situation,” Granger said. “He’s somehow got to lead the banks in the right direction, because he can’t push them.”