Marin Real Estate Pulse

It was nice while it lasted - one full week to be exact - but, according to Freddie Mac the mortgage market last week took back most of the rate decreases that were so welcome the week before. The Mortgage Bankers Association, however, recorded rate drops stretching into a second week.

Freddie Mac's chief economist Frank Nothaft indicated that rate increases reflected a market that was still spooked by the specter of increasing inflation. "However, Fed Chief Bernanke, in his semi-annual speech to Congress, hinted that another hike in overnight lending rates...