30-year fixed rates at 6%??? That’s what we have as I am writing this post tonight. And it's likely the Fed is going to start whacking away on adjustable rates over the next few weeks. Which leads to one of the funniest cartoons I've seen on the web - if you haven't met him already, let me introduce you to "Helicopter Ben"...There's a lot of criticism brewing in the financial community about the fact Ben Bernanke might be a bit "panicky" when it comes to stabilizing the markets. And that his past writings and speeches suggest that flooding the economy with money is an option... that makes those low fixed rates of today mighty attractive.
