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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: MythMan who wrote (424413)	7/18/2013 1:29:40 PM
From: Broken_Clock	Read Replies (1) of 436258

attn Bill Gross: July 17, 2013 at 7:26 pm Bernanke says he is 'not qualified' to offer refinancing adviceDavid ShepardsonDetroit News Washington Bureau4 Comments Washington — Federal Reserve Board chairman Ben Bernanke declined to answer a question from a Michigan member of Congress that’s perplexing many homeowners: Should they refinance? Last week, the average U.S. rate on a 30-year-mortgage climbed to 4.5 percent — a two-year-high. Rep. Bill Huizenga, R-Zeeland, who is vice chair of the Monetary Policy and Trade Subcommittee, said at a congressional hearing on Wednesday that he had recently refinanced his mortgage and wanted to pass along a question one of his friend’s had: “Should he refinance right now?” Bernanke said he couldn’t answer. “I’m not a qualified financial adviser,” Bernanke said. “I wouldn’t want to.” From The Detroit News: detroitnews.com

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