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ABOUT THOSE RATE INCREASES -- Let us not forget that a few lonely prognosticators think that the Federal Reserve, under the stewardship of Alan Greenspan's successor, Ben S. Bernanke, above, will surprise everybody (except them) by holding interest rates steady at the Fed's next meeting.
Eventually, he said, those rate cuts will work, but Wall Street is impatient.
But beyond those rate increases, more revenue will have to be raised.
And the bill passed by the House of Representatives would extend those rate cuts to people borrowing up to $730,000.
After four of those rate moves, the Standard & Poor's 500-stock index rose for the week; the index's decline last week was the third after a rate increase.
Fitch Ratings has already sounded some warning bells, based on the prediction that the Federal Reserve will continue to raise interest rates this year, and that those rate hikes will push mortgage rates higher.
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Most likely those rates will rise.
Nor were those rated as more masculine.
But those rates are already near zero.
Those rates vary widely across the country.
Those rates start at $500 a night.
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